Billionaire entrepreneur Kevin O’Leary said in a statement. Bitcoin, cryptocurrency and talked about his own strategies for Web3 investments.
O’Leary said that he has followed the strategy of not investing more than 20% of his portfolio in any sector and has chosen not to use more than 5% of this 20% in any asset in this sector.
“I Have Not Invested More Than 5 Percent Of The Money I Allocated For Investment In Any Altcoins”
However, the billionaire said that he has not invested more than 5% of the investment pool in any of the 32 cryptocurrencies he owns, including Bitcoin, Solana and Polygon, out of the 20% investment pool he has allocated to the crypto money sector.
In addition, O’Leary also made statements about Bitcoin and stated that the same logic applies to other tokens such as Ethereum, Helium and Solana:
“Bitcoin is not a coin, it is software. If you think these software will have economic value in the long run, you can give it a 5% weight.
Does a software make something cheaper, faster, better, more transparent and more auditable? Each of these metrics should have a certain weight for you. If you can’t see the economic value in something, it’s not likely to survive in the long run.”
Kevin O’Leary Talks About Polygon Investment
billionaire investor, to Polygon (MATIC) He also talked about his investment. Polygon recently managed to raise $450 million from investors including O’Leary.
O’Leary said he is confident in supporting Polygon because this protocol aims to reduce high transaction fees. According to the famous investor, lowering transaction fees will bring a strong economic benefit.
*Not investment advice.