Legendary investor Kevin O’Leary recently discussed his keen interest in Solana ($SOL), Polygon ($MATIC), and Hedera ($HBAR).
O’Leary described his perspective on crypto as “software” rather than an alternative form of money during an interview with Anthony Pompliano on The Best Business Show.
He said he vets crypto ventures in the same way he vets traditional software companies, which includes looking at the team behind the coin and their mission. To describe his approach to investing in a crypto business, O’Leary stated:
“I want to meet the engineering staff if I want to invest in Polygon, which I did in Dubai. I met the team, heard their vision for what they’re doing, assessed the economic realities and possibility of the outcome… The first is the group. I’m intrigued if I check the box for a team – smart guys, strong engineers, solid strategy, good group. Now for the second test. What kind of economic value do they generate? Aggregating transactions to lower Ethereum gas prices is a smart approach in the case of Polygon. You have a financial incentive to do so. You save money by doing so. There are fewer transaction fees. I believe it has a lot of promise.”
Are you looking forward to investing in Solana? Comment below.
