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Shark Tank’s Kevin O’Leary Dramatically Increasing Exposure to Crypto Markets – Here’s Why

Shark Tank’s Kevin O’Leary Dramatically Increasing Exposure to Crypto Markets – Here’s Why

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Source: Daily Hodle

Shark Tank’s Kevin O’Leary Dramatically Increasing Exposure to Crypto Markets – Here’s Why

Shark Tank investor Kevin O’Leary says he plans to get far more exposure to the crypto markets before a massive fundamental development takes place. 

In a new interview with stock market and real estate investor Griffin Milks, O’Leary notes that crypto investing has not yet become available to the biggest institutional players. 

“Many people don’t yet know how to get exposure to the crypto markets. I know there’s a lot of excitement out there, but much of what is going on in crypto is happening at the individual level, or at the hedge fund level, or the high-net-worth level, or the family office level.”

It is not happening yet at the institutional or pension or sovereign fund level. Those customers that I know through my work in indexing have told me there’s a great interest in allocating the crypto, but no compliance infrastructure that allows them to do it. 

They have compliance committees. They have compliance departments. They have regulators that oversee them.”

The celebrity investor says many aspects indicate that the crypto market still has more room for growth and that he’s trying to get in early while the regulatory infrastructure is still being built.

“The way to look at this is it’s so nascent, it’s so early that if you believe that there’s a future of decentralized finance and cryptocurrencies, which I do, You have to make that binary decision: either you believe it or you don’t…

I’m not telling people what to do, but I see no reason in my own personal position not to get some exposure while this grinds through the global compliance regulator in every geography. 

I think, over time, because of the really persuasive argument of reducing fees, transparency and speed of transactions in just the payment systems and the global currency markets, there’s so much potential. I’m a believer and I see no reason not to participate.”

O’Leary’s comment comes after he revealed he was aiming to drastically increase crypto exposure in his holding company from 7% to potentially 20%.

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The post Shark Tank’s Kevin O’Leary Dramatically Increasing Exposure to Crypto Markets – Here’s Why appeared first on The Daily Hodl.

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Author: Daily Hodl Staff