Kevin O’Leary says he won’t sell any cryptocurrency despite falling – ‘You just have to put up with it’ – Bitcoin News Markets and Prices

Kevin O’Leary says he won’t sell any cryptocurrency despite falling – ‘You just have to put up with it’ – Bitcoin News Markets and Prices

Shark Tank star Kevin O’Leary, aka Mr. Wonderful says it does not sell any of its cryptocurrencies despite the declining crypto market. “In the long run, you just have to put up with it. You have to understand that you will get volatility, ”he stressed.

Kevin O’Leary: I’m not selling anything

Shark Tank star Kevin O’Leary spoke about bitcoin and other cryptocurrencies in an interview with Insider, released Saturday.

Commenting on the turmoil in the crypto market, O’Leary said:

I’m not selling anything … In the long run, you just have to put up with it. You need to understand that you will gain volatility and that some projects will fail.

O’Leary currently holds 32 positions in the digital assets space, the publication reported. He is also a strategic investor in Wonderfi Technologies. The crypto platform received a conditional approval last week to list its shares on the Toronto Stock Exchange (TSX).

In an interview with Bankless, published last week, O’Leary said his biggest investments right now are ethereum and bitcoin. However, he added: “I also have a great position in the USDC [and] a large position in FTX as share capital. ” He additionally mentioned the polygon and the saltworks. Stressing the importance of diversification, he said about eight weeks ago that his cryptocurrency was about 21% of his portfolio. It has now fallen to about 18%, he said, elaborating:

There has been a big correction in the market, but you have to hold on to your nose and get used to the volatility.

The Shark Tank star explained that recent crypto collapses, such as the implosion of cryptocurrency terra (LUNA) and algorithmic stabilcoin terrausd (UST), provide valuable lessons to investors.

The collapse of the UST “educated everyone that this is not a way to build stable money”, he said, emphasizing that “it is important for education and market maturation”.

O’Leary added that the collapse of crypto tokens does not have a big impact on global financial markets. He is of the opinion:

It is nothing, a mistake of rounding in the context of sovereign wealth. It’s bad for investors, but they’ve educated the market on what not to do. That’s a good thing.

Mr. Wonderful said there would be trillions of dollars flood into the crypto “When we get the policy and the regulator regulates.” He also believes cryptocurrencies will be the 12th sector of the U.S. economy in the next 10 years.

What do you think of Kevin O’Leary’s comments? Let us know in the comments section below.

Kevin O’Leary says he won’t sell any cryptocurrency despite falling – ‘You just have to put up with it’ – Bitcoin News Markets and Prices

Kevin Helms

A student of Austrian economics, Kevin discovered Bitcoin in 2011 and has been an evangelist ever since. His interests lie in the security of Bitcoin, open source systems, network effects and the crossroads between economics and cryptography.




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