Shark Tank star Kevin O’Leary is unveiling the content of his crypto portfolio, which he says includes Bitcoin (BTC) and four altcoins.
In a new interview with TraderTV, the billionaire says that he is invested in leading smart contract platforms Ethereum (ETH) and Solana (SOL), as well as blockchain scaling solution Polygon (MATIC) and peer-to-peer payments network Hedera Hashgraph (HBAR).
“I think Bitcoin is software. I think Ethereum is software. I think HBAR is software. Polygon is software. I invest in all of it…
My largest right now is Ethereum, but I also own a lot of Solana, a lot of Polygon. Polygon guys I met in Dubai, I was so impressed with their whole technology of aggregating transactions on top of Ethereum and then reducing gas fees or costs dramatically. And any time you can add efficiency, you can reduce friction, reduce costs, be more productive, you want to invest in teams that do that so I invested in them as well.
I look at deal flow right now. Forty-five percent of my day is looking at new deals is in the crypto space. That’s almost half, so I’m going to continue to be very constructive in 2022. I’m very excited about innovation there.”
O’Leary also highlights that he significantly increased his allocation in the crypto space in the last few months.
“I remember talking to you guys at the beginning of last year, and I was saying I was thrilled at my crypto exposure in February and March – the end of Q1 – was 3%. Well, through more investment [in 2021] in companies like WonderFi and Immutable Holdings… my exposure now across crypto, including my work with FTX and with Circle in USDC (USD Coin), I’m past 10%.”
As for his crypto prediction for 2022, the celebrity investor says that the regulatory gridlock will continue in the US.
“In 2022, nothing’s going to happen in the US market. I don’t think they’ll even deal with stablecoins. That geography is going to go through a very long process before it institutionalizes crypto.”
ICheck Price Action
Don't Miss a Beat – Subscribe to get crypto email alerts delivered directly to your inbox
Follow us on Twitter, Facebook and Telegram
Surf The Daily Hodl Mix
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Featured Image: Shutterstock/solarseven/Sensvector