World famous Canadian business man, Kevin O’Leary, was recently interviewed by CNBC about his cryptocurrency investment strategies. In the interview, O’Leary revealed that 20% of his portfolio is now in cryptocurrencies and blockchain, while that number was only 10% last November.
O’Leary, who is also a paid ambassador and spokesperson for FTX (a cryptocurrency exchange) says that people should be diversified in their investments because “the whole point is, you don’t know who is going to win. Is Ethereum going to win? Is solana going to win? Is it Helium or is it Avalanche?”. O’Leary owns them all.
As to the executive order signed by President Joe Biden about cryptocurrencies, O’Leary believes that it was incredibly good news because it wasn’t an all-out ban. However, O’Leary admits to recently selling his stakes in publicly traded bitcoin mining firms due to climate concerns.