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January 20, 2022
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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 consists of 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 resolution Polygon (MATIC) and peer-to-peer funds community Hedera Hashgraph (HBAR).

“I believe Bitcoin is software program. I believe Ethereum is software program. I believe 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 loads of Solana, loads of Polygon. Polygon guys I met in Dubai, I used to be so impressed with their entire expertise of aggregating transactions on high of Ethereum and then decreasing 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 circulate proper now. Forty-five % of my day is 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 couple of months.

“I remember talking to you guys at the beginning of last year, and I was saying I was thrilled at my crypto exposure in February and March  – the end of Q1 – was 3%. Well, through more investment [in 2021] in companies like WonderFi and Immutable Holdings… my exposure now across crypto, including my work with FTX and with Circle in USDC (USD Coin), I’m past 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 happen in the US market. I don’t think they’ll even deal with stablecoins. That geography is going to go through a very long process before it institutionalizes crypto.”

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Featured Image: Shutterstock/solarseven/Sensvector

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