Shark Tank Star Kevin O’Leary Reveals Crypto Allocation in Ethereum, Solana and Two More Altcoins, Makes Prediction for 2022

Shark Tank star Kevin O’Leary is unveiling the content material of his crypto portfolio, which he says contains Bitcoin (BTC) and 4 altcoins.

In a brand new interview with TraderTV, the billionaire says that he’s invested in main good contract platforms Ethereum (ETH) and Solana (SOL), in addition to blockchain scaling answer Polygon (MATIC) and peer-to-peer funds community Hedera Hashgraph (HBAR).

“I feel Bitcoin is software program. I feel Ethereum is software program. I feel HBAR is software program. Polygon is software program. I make investments in all of it…

My largest proper now could be Ethereum, however I additionally personal a variety of Solana, a variety of Polygon. Polygon guys I met in Dubai, I used to be so impressed with their complete expertise of aggregating transactions on high of Ethereum and then lowering gasoline charges or prices dramatically. And any time you may add effectivity, you may scale back friction, scale back prices, be extra productive, you wish to make investments in groups that do this so I invested in them as nicely.

I have a look at deal stream proper now. Forty-five p.c of my day is taking a look at new offers is in the crypto area. That’s nearly half, so I’m going to proceed to be very constructive in 2022. I’m very enthusiastic about innovation there.”

O’Leary additionally highlights that he considerably elevated his allocation in the crypto area in the previous few months.

“I bear in mind speaking to you guys in the beginning of final 12 months, and I used to be saying I used to be thrilled at my crypto publicity in February and March  – the tip of Q1 – was 3%. Well, via extra funding [in 2021] in firms like WonderFi and Immutable Holdings… my publicity now throughout crypto, together with my work with FTX and with Circle in USDC (USD Coin), I’m previous 10%.”

As for his crypto prediction for 2022, the movie star investor says that the regulatory gridlock will proceed in the US. 

“In 2022, nothing’s going to occur in the US market. I don’t assume they’ll even cope with stablecoins. That geography goes to undergo a really lengthy course of earlier than it institutionalizes crypto.”


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