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Shark Tank star Kevin O’Leary has revealed that he has taken advantage of the market downturn to increase his crypto holdings.
In a new interview with Stansberry Research, O’Leary To tell His crypto portfolio suffered a double-digit drawdown, but he took it as an opportunity to buy the decline.
We took a hit. It was 20% [of the portfolio] It has since grown to 23%. It has since dropped to his 16% of the portfolio. It was really unstable. But I always say that there will be this volatility in an unregulated industry because there are no institutional bids.
So probably the lowest was 15%. It lost 40% of its value, but is now back in some projects. And they haven’t all come back at the same pace.
Big players like Bitcoin (BTC), Ethereum (ETH), Solana (SOL), Polygon (MATIC), Hedera (HBAR), and in some cases doubled. It took advantage of extreme volatility and big-cap names like ETH and Bitcoin. If you stay for a long time, why not increase your position? “
According to venture capitalists, the real problem facing cryptocurrencies today is the lack of institutional investor participation.
This asset class isn’t correlated to anything like people thought. It’s not correlated to inflation yet.
But the real question is how do we measure where the institutional buyers are? And now zero. they don’t have bitcoin.
Anyone who says a sovereign institution owns it is full of poop.
Me
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