Shark Tank star Kevin O'Leary manages the cryptocurrencies in his portfolio as if they werethe stock market sector.
In a new interview, the famous venture capitalist noted that investing in cryptocurrency is not limited to just holing Bitcoin (BTC) and Ethereum (ETH).
In truth, there is so much activity, research and development going on in other areas of decentralized finance that there are so many other opportunities besides Bitcoin.
This is my personal interpretation, I'm not saying thatSome of the indexes have already made a similar decision, but now I consider cryptocurrencies and decentralized finance, so-called DeFi, as the 12th sector of the S&P.
There has not yet been a corresponding decree recognizing them as such, but I do this as part of managing my own operating portfolio and operating company.
O'Leary says he allocates funds to cryptocurrencies in the same way as traditional assets.
In my understanding of the world of investment, you can neverOwn more than 20% of any one sector, and I am currently in 11 sectors, including real estate in the S&P 500 Index. You also cannot own more than 5% of any company in any sector.
Therefore, when I think about the requirements we set for ourselves and the principles of our work, we take care to treat cryptocurrency in the same way.
A successful investor has disclosed information about his digital assets. At the same time, he added that he was not obsessed with bitcoin, but he was not ready to buy any cryptocurrency either:
We don't want to just own Bitcoin - we have it, I also own Ethereum, ETH. I also have Solana (SOL) and assets of all other types of blockchains - level 1, level 2.
I don't want to be perceived as a personaccumulating all 12,000 existing cryptocurrencies in the world. You see all of this on the Internet all the time [when] someone starts promoting a coin that no one has ever heard of. I don't want to participate in anything like that ...
Now I plan to reach 7% by the end of December.cryptocurrencies and crypto tokens, as well as level 1, level 2 blockchains. Then I'll just release the data on current assets, and hopefully we will have an intelligent conversation about why and what I own.
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