Billionare Kevin O'Leary Reveals His Cryptocurrency Holding Portfolio.

Billionare Kevin O'Leary Reveals His Cryptocurrency Holding Portfolio.

2022-01-03 | Daniel Smith

Billionare Kevin O'Leary Reveals His Cryptocurrency Holding Portfolio.

Kevin O'Leary, a Shark Tank celebrity, has revealed the contents of his cryptocurrency holdings, which he claims comprises Bitcoin (BTC) and four altcoins.

In a recent conversation with TraderTV, the billionaire reveals he has been involved in Ethereum (ETH) and Solana (SOL), and blockchain scaling solution Polygon (MATIC), and peer-to-peer payments network Hedera Hashgraph (HBAR).

"I believe Bitcoin is software. Ethereum, in my opinion, is software. I believe HBAR is software. Polygon is a computer program. I put money into everything."

My major holding currently is Ethereum, however, I also have a lot of Solana and Polygon. I was really amazed by the Polygon folks I encountered in Dubai with their entire technique of pooling transactions on the pinnacle of Ethereum and then drastically cutting gas fees or prices. And every moment you can increase productivity, decrease barriers, save expenses, and be more efficient, you would like to engage in groups who do that, so I did as well.

Currently, I'm looking at transaction flow. I spend 45 per cent of my day hunting for fresh opportunities in the crypto market. That's nearly 50%, so I'm planning to keep being positive in 2022. "I'm incredibly psyched regarding the unique talents there."

O'Leary also mentions that he has greatly boosted his allocation in the cryptocurrency market in recent months.

"I recall chatting to you folks at the start of the previous year, and I was telling you how excited I was about my crypto exposures in February and March — the conclusion of Q1 – being 3 per cent. Well, thanks to additional investments [in 2021] in firms such as wonderful and Immutable Holdings, my commitment to crypto, considering my efforts with FTX and Circle in USDC (USD Coin), has surpassed 10%."

In terms of his cryptocurrency forecast for 2022, the famous investor believes that legislative deadlock in the United States would persist.

"Nothing will occur in the American market in 2022." I doubt they'll actually consider stable coins. Until crypto gets institutionalized in that region, it would go through a lengthy procedure."

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