The Chairman of the O’Shares ETF investment company holds a stern position on the future of cryptocurrencies.
The Bitcoin 2022 Conference held from April 6-9 was the largest meeting of crypto investors and blockchain innovators in the industry. With some presenting their latest products and services, others shared their insight into the future of cryptocurrencies.
In an interview with Kitco at the event, Kevin O’Leary shared his HODL mentality as he was quite confident in the market value of Bitcoin:
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“Bitcoin is never going to zero. This is a personal opinion. There are enough people around the world that see it as a store of value, me included. It is a 5% weighting in my portfolio, just like gold is.”
Likewise, he hopes that US crypto regulators will start to look at making robust policies in order for investors to comfortably allocate a portion of their investment funds in cryptocurrencies, especially Bitcoin.
Alongside Bitcoin, O’Leary also holds other cryptocurrencies including ETH, SOL, MATIC, AVAX, and HBAR. Digital assets make up 20% of his investment portfolio.
Interestingly enough, Kevin O’Leary, also known as Mr. Wonderful, has had a positive stance on non-fungible tokens (NFTs). Back in January, he told reporters at CNBC that with NFTs giving their owners access to private events and offering exclusive rewards, they’ll have a much higher market demand than cryptocurrencies.