Kevin O’Leary – from Shark Tank says he won’t invest in cryptocurrencies Before consulting with regulators first. which for him This area still lacks clarity. and regulators are the ones who say “What is possible and what is impossible”
The famous investor added, He is passionate about blockchain projects such as: Solana (SOL), Polygon (MATIC) and Hedera (HBAR), which implies that they can. “Can win in the long run”
Kevin O’Leary, also known as Mr. Wonderful, is one of the TV host Shark Tank – who has both a hot and cold relationship with cryptocurrencies Over the years, in 2019, he has taken a markedly negative stance on the industry, calling Bitcoin “worthless” and seeing it as a “worthless”. “Rubbish because you can’t get in and out in large quantities.”
However, in early 2021, he started a new attitude and said he was not against cryptocurrencies. (cryptocurrency) and respect it. shortly after He also announced that he has allocated 3% of his investment portfolio to BTC.
duringgive an interviewOn CNBC recently, O’Leary revealed that he would only invest in cryptocurrencies again after discussing the matter with regulators. If they can conclude “What is possible and what is not”
For him, crypto is “software development”, so he has to be sure which digital asset projects will be. He said he would “win in the long term” so he could invest in the project, explaining Solana (SOL), Polygon (MATIC) and Hedera (HBAR) as examples.
O’Leary also mentioned Stablecoins and their advantages as well He revealed that Russia’s “digital ruble” and China’s “digital yuan” is not an interesting financial tool for him. Because he doesn’t know enough about blockchain development in those countries or how they verify ownership of money.
Instead, he supported USDC, Circle’s coin pegged to the US dollar. The businessman admits that this may sound “the opposite” as the current rising inflation has reduced the purchasing power of the dollar. However, in his opinion, buying USDC can generate 6% return.
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