Billionaire Investor: I Added These Altcoins To My Portfolio In The Fall!

“If you run a mandate like a government fund, let me give you the rules these big guys play . I use the same philosophy for crypto. We have 11 sectors in the S&P 500. Portfolio theory tells you: never hold more than 20% in any industry, and never more than 5% in stocks or bonds. This represents diversification. Also, basically 99% of government wealth is managed by indexers like me. I applied the same strategy to crypto.”

There are these altcoin projects in his basket

After explaining his investment strategy, the venture capitalist also shared the altcoin projects in his portfolio. Accordingly, the investor keeps various assets in his basket, especially Bitcoin (BTC), Ethereum (ETH), USD Coin (USDC). It also invests heavily in Polygon (MATIC), an Ethereum layer-2 scaling solution. Finally, he bets on Solana (SOL), the Blockchain he believes in. But before sharing them, he reveals how he structured his crypto investments on a percentage basis. Accordingly, the investor predicts that the cryptocurrency market will become the 12th largest market in the world in the next 10 years. This is how he explains his main reason for investing.

Accordingly, O’Leary has invested 20% of his total capital in crypto due to its growth potential. However, he later wanted to diversify his holdings and bought large sums from various altcoin projects. Accordingly, the investor’s currently largest holdings are Bitcoin and Ethereum. However, he also has a large position in USDC, a dollar-pegged stablecoin. Additionally, the billionaire is also interested in crypto stocks alongside crypto. Accordingly, O’Leary’s stock position on the derivatives exchange FTX is quite large. He then moves on to crypto assets and puts Polygon forward. O’Leary says that he likes MATIC’s story and finds its usefulness very logical. Finally, he adds that he likes Solana and has invested heavily. Also, FTX CEO Sam Bankman pays tribute to what Fried has done.

“It’s important to diversify your portfolio”

O’Leary also says the markets are unstable right now. It also highlights the importance of diversifying an investment portfolio to weather the storm. The famous investor, who stated that 8 weeks ago, 21% of his entire portfolio was crypto, states that this rate has decreased to 18%. He attributes this to the correction in the cryptocurrency market, as we have also reported as Kriptokoin.com. But he adds that it’s best to hold your nose and try to get used to it when volatility is high.

Also speaking in the interview about stablecoin regulations, O’Leary says he is eager for governments to provide regulatory clarity. Accordingly, the famous investor is trying to create some politics in Washington. Accordingly, he urges politicians to regulate stablecoins. He explains that the reason for this is that he has no place to put his cash. The famous investor gets 45 basis points from the bank. However, he adds that he will do much more with stablecoins.