- Taking Wall Street in the chain
- Bitcoin is here to stay
Outstanding Canadian investor Kevin O’Leary claims which has reviewed its cryptocurrency investment strategy.
The host of “Tank” long data now states that it is staying exclusively with Bitcoin (BTC) and Ethereum (ETH).
He is convinced that there is no need to possess any other tokens, including memes cryptocurrency.
“You don’t need to own any of them to exposure to what you think is the value of cryptography,” he said.
“Mr. Wonderful,” says Bitcoin and Ethereum are the only two values that are highlighting daily.
“If you own those two, it is exposed to more than 90% of the alpha and the volatility of the entire cryptography market. So why possess something else? I no longer do it,” O’Leary added.
Taking Wall Street in the chain
“If you think of owning cryptography, what you are exposed is the volatility of prices. Sometimes it is good, sometimes it is bad. Sometimes it goes up, sometimes it goes down,” he said.
However, the stable are emerging as an increasingly important market niche. With the advent of the Stablecoin bill in the US, it has become increasingly clear than the traditional finance of Wall Street are now in the chain.
He says that Ethereum will obtain most of this demand, echoing the conversation points of ETH reinforcements as prominent as Tom Lee de Fundstrat.
Bitcoin is here to stay
At the same time, O’Leary has noticed that Bitcoin is here to stay, since he is now “without a doubt” to be treated as a reserve of value.
The “shark tank” star “recently predicted that Bitcoin’s price could raise to $ 250,000.
More than a tenth of its personal net worth is in BTC and assets related to cryptocurrencies.