Shark Tank star Kevin O’Leary may have invested in dozens of crypto projects, but says he only needs two to make them work. We have prepared the shares of the famous billionaire talking about altcoin projects in his basket for our readers.
What are the altcoin preferences of the famous billionaire?
Kevin O’Leary, whose evaluations we have included in the news of Kriptokoin.com, in a new interview he gave, said that Bitcoin (BTC), Ethereum (ETH), Polygon (MATIC), Hedera (HBAR), Helium (HNT) and Avalanche He says he sees cryptos like (AVAX) not as a token, but as software. The famous billionaire states that the only way for projects to survive in the long run is to bring some kind of economic value to the table:
Just give me the Polygon I invested in. Basically, ‘Look, let’s pool the transactions and transfer them to Ethereum in one transaction, drastically reducing gas fees, it works in India.’ Why not? Am I not investing in this? This is a good idea. There is real economic value there.
“Same as Helium, if it’s going to replace (telecommunications). I like the idea,” said Kevin O’Leary, “Will Solana accelerate its blockchain?”
Well (Solana CEO) Sam Bankman-Fried says ‘Yes’. Why don’t we put 5% on it? I don’t know who will win, I have 32 positions. Only two of them have to work and I have made a lot of money.
“I have 32 positions in the market, tied 20% of the capital”
Kevin O’Leary compares the current crypto market to the early days of the internet in the 1990s and says “Yes, some of these will be Pets.com , but others will add tremendous value and become the Googles and Microsofts of their generation.” The famous billionaire also states that he dedicates 20% of his capital to crypto:
I’m making an assumption and I could be wrong, but in the next 10-12 years, crypto will be the 12th sector of the S&P. There are 11 sectors. If you look at how a government fund or pension scheme manages capital, they allocate up to 10% in any industry and up to 5% in any name.
“If you are really stumped on crypto like me, then you can invest 20% of the company’s capital in crypto and more than 5% in any crypto, token, Blockchain or Tier You can put it in -2 altcoin projects,” says Kevin O’Leary, and ends his words as follows:
That’s how I did it. I have 32 positions, tied 20% of the capital. It’s choppy as hell, but I’m okay with that because I assume all this proposed policy will be adopted at some point.
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