While Shark Tank star billionaire investor Kevin O’Leary talks about the potential of several altcoins in the crypto space, no other crypto asset has Bitcoin (BTC) He believes he can’t take his place.
In a new interview with Stansberry Research, O’Leary explains why the progenitor of cryptocurrencies is on a long-term bullish trend.
“I don’t believe we’ll ever get over the first of cryptocurrencies. Bitcoin mining will continue to get more difficult and scarce day by day. It’s like real estate for me. AAA office real estate for me. I will keep my coins forever. My assumption is that it will match index performance over time, or even surpass it.”
O’Leary says that while Bitcoin is still relatively unimportant compared to other asset classes, that may change as new regulations come into effect.
“It’s great to talk about retail investors in Bitcoin, but they are absolutely trash. To actually look at it, Bitcoin is worth less than a trillion dollars, which is nothing in the context of assets. How will this change? The only way to change this situation is if we have a law. In other words, if we allow institutions to buy Bitcoin and cryptocurrencies, we will need the SEC and other regulators to rule the space.”
Billionaire, Ethereum rivals despite favoring Bitcoin as the top crypto asset Left (LEFT), Avalanche (AVAX), layer-2 scaling platform Polygon (MATIC) and decentralized network for Internet of Things In Helium (HNT) He says he sees potential.
“I believe there is a lot of potential for productivity tools like Solana to increase the speed of transactions on the blockchain by a hundredfold.”
I want to own this altcoin. I like the developments on Avalanche. I also own Helium and I like the developments in it. I like most of these different features. Polygon, another blockchain that bundles transactions to reduce gas fees on Ethereum… These are all good ideas.”
You can check the price movements here.
Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility. Finally, KoinFinans and the author of this content cannot be held responsible for personal investment decisions.