{"id":10520,"date":"2022-03-13T05:53:50","date_gmt":"2022-03-13T05:53:50","guid":{"rendered":"http:\/\/egrowonline.com\/?p=10520"},"modified":"2022-03-13T05:53:50","modified_gmt":"2022-03-13T05:53:50","slug":"kevin-oleary-shares-crypto-investing-strategy-20-of-his-portfolio-now-in-crypto-and-blockchain-bitcoin-news","status":"publish","type":"post","link":"http:\/\/egrowonline.com\/?p=10520","title":{"rendered":"Kevin O’Leary Shares Crypto Investing Strategy \u2014 20% of His Portfolio Now in Crypto and Blockchain \u2013 Bitcoin News"},"content":{"rendered":"


\n<\/p>\n

\n
\n<\/header>\n
\n\"Kevin\n<\/div>\n

Shark Tank star Kevin O\u2019Leary, aka Mr. Wonderful, has shared his cryptocurrency investment strategy. He revealed that 20% of his portfolio is now in cryptocurrencies and blockchain. \u201cThe whole point is you don\u2019t know who is going to win.\u201d
<\/strong><\/p>\n

Kevin O\u2019Leary\u2019s Cryptocurrency Investment Strategy<\/h2>\n

O\u2019Shares ETFs chairman and Shark Tank star Kevin O\u2019Leary has shared his crypto investment strategy in an interview with CNBC Friday.<\/p>\n

Firstly, he said one-fifth of his investment holdings are tied up in cryptocurrencies or companies operating in the crypto space. Mr. Wonderful said:<\/p>\n

\n

I have millions of dollars, 20% of my portfolio is now in cryptocurrencies and blockchain.<\/p>\n<\/blockquote>\n

In November last year, he said that crypto accounted for 10% of his portfolio<\/a>. His investments in cryptocurrency exceeded<\/a> his gold investments for the first time in October last year.<\/p>\n

O\u2019Leary was asked whether some cryptocurrencies will be around in a decade. Noting that he factored that risk into his strategy, the Shark Tank star emphasized:<\/p>\n

\n

You have to be diversified. I own 32 different positions, including equity FTX itself.<\/p>\n<\/blockquote>\n

O\u2019Leary became a paid ambassador and spokesperson<\/a> for FTX, the crypto exchange founded by 30-year-old billionaire Sam Bankman-Fried, in August last year.<\/p>\n

The Shark Tank star elaborated:<\/p>\n

\n

The whole point is you don\u2019t know who is going to win. Is Ethereum going to win? Is Solana going to win? Is it Helium or is it Avalanche? I own them all.<\/p>\n<\/blockquote>\n

Commenting on the executive order<\/a> on the regulation of cryptocurrency signed by President Joe Biden Wednesday, Mr. Wonderful said: \u201cIt wasn\u2019t an all-out ban, so that\u2019s good news.\u201d<\/p>\n

Many people in the crypto industry welcome<\/a> Biden\u2019s executive order. Some say it provides legitimacy to crypto while others are glad that it does not contain extremely restrictive measures they had anticipated.<\/p>\n

However, O\u2019Leary expressed concerns about the way Biden\u2019s directive includes an emphasis on climate risks associated with cryptocurrency. He said he sold his positions in publicly traded bitcoin mining firms after Biden\u2019s executive order.<\/p>\n

Last week, the celebrity investor revealed that he had a meeting<\/a> with a group of U.S. senators regarding cryptocurrency regulations, particularly how they apply to institutional investors. He has been saying for quite some time that the price of bitcoin will \u201cappreciate dramatically<\/a>\u201d when institutions are able to invest<\/a> in cryptocurrency. He expects that it would take two to three years.<\/p>\n

What do you think about Kevin O\u2019Leary\u2019s comments? Let us know in the comments section below.<\/strong><\/em><\/p>\n

\n
\n\n<\/div>\n
\n
\nKevin Helms <\/h6>\n

\nA student of Austrian Economics, Kevin found Bitcoin in 2011 and has been an evangelist ever since. His interests lie in Bitcoin security, open-source systems, network effects and the intersection between economics and cryptography.

\n
\n
\n<\/a>
\n<\/span>\n<\/p>\n<\/div>\n<\/div>\n

Image Credits<\/b>: Shutterstock, Pixabay, Wiki Commons<\/em><\/p>\n

\n

Disclaimer<\/strong>: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com<\/a> does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.<\/p>\n<\/div>\n

\n