Thursday, March 28, 2024
HomeLaw & PoliticsShark Tank's Kevin O'Leary discloses his cryptocurrency investments

Shark Tank’s Kevin O’Leary discloses his cryptocurrency investments

Kevin O’Leary, a venture capitalist and “Shark Tank” star, casts a wide net for his cryptocurrency and Web3 investments, with each investment based on his decades of experience as a financial services expert and index investor.

Now the S&P 500 has 11 sectors, most experts suggest investing not more than 20% in any one sector and no more than 5% in any one stock.

O’Leary uses this method in his crypto portfolio and believes that cryptocurrency, blockchain, and new financial services will become the S&P 500’s 12th sector within a decade. Now he has 32 positions in the digital asset industry, including those with Solana, bitcoin, and blockchain company Polygon. He explained that no single job takes up more than 5% of the allowed 20%.

“Bitcoin is not a coin; it is software,” O’Leary said. He also added that the same is applicable for other tokens like ethereum, helium, and solana.

“If you feel software has long-term economic worth, you may give it a 5% weighting within your operational mandate. My bigger positions are ones that I believe have a strong economic foundation.”

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Jeewan Singh
Jeewan Singh
Jeewan Singh is CryptoShrypto’s content writer and a seasoned writer with over two years of experience in writing about Indian Securities Market. Jeewan's participation in Blockchain and Cryptocurrency started in late 2020, and he hasn't looked back since. The technical and economic outcomes of cryptocurrency are what spark his curiosity, and he keeps one eye on the market.
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