Ethereum, Solana, or Avalanche? Shark Tank Star Kevin O’Leary Outlines His Crypto Investment Strategy
Shark Tank star Kevin O’Leary is unveiling his strategy when it comes to investing in the top altcoin projects by market cap.
In a new interview with CNBC’s Squawk Box, the famed investor and entrepreneur says it’s impossible to nail which of the leading projects will win out in the long run, as their development teams are all extremely talented.
O’Leary says his strategy is to “own them all” – mentioning Ethereum (ETH), Solana (SOL), Helium (HNT), and Avalanche (AVAX) by name.
“The whole point is you don’t know who’s going to win. Is Ethereum going to win? Is Solana going to win? Is it Helium? Or is it Avalanche? I own them all.
Luckily, they’re all just software development teams. You go meet these people [and] you find out they’re in their 20s. They’re the smartest engineers in the world.”
The business magnate, who was once a crypto naysayer, says that 20% of his current portfolio is now comprised of digital assets.
“I have millions of dollars. Twenty percent of my portfolio is now in cryptocurrencies and blockchain.”
Back in October, O’Leary said 7% of his overall portfolio was made up of cryptocurrencies.
O’Leary, who recently met with Republican Senator Cynthia Lummis of Wyoming and other US lawmakers to discuss crypto regulations, also urges legislators to quickly adopt a regulatory framework for crypto assets or face the risk of falling behind other nations.
“The Canadians are more advanced… The same thing with the United Arab Emirates [and] Switzerland.
We are so far behind in policy for this nascent industry that’s going to lead the world of financial services. We’ve got to get going.”
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