Kevin O'Leary - Crypto Portfolio

Billionaire Investor and the Shark Tank host Kevin O’ Leary has recently shared his views on the recent cryptocurrency crash and his opinion of the digital assets market in the coming months. Despite a market downfall caused by several price hikes and rising inflation, O’Leary has suggested that he is “not selling anything”. Furthermore, O’Leary has shared his thoughts on which stocks he will be buying at the moment.

Let’s look at why Kevin O’Leary is not selling crypto and the stocks he will be currently adding in his portfolio.

Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection.

Why O’Leary is not selling crypto

The crypto markets faced increasing pressure as they crashed on Saturday and approached bearish territory. With leading assets like Bitcoin and Ethereum trading 68% and 75% below their all-time highs, fear is growing in the global crypto markets.

However, Kevin O’Leary expects the current crypto downfall to prop up the whole digital assets space in the long term. “Long term, you have to stomach it. You have to understand you’ll get volatility, and that some projects aren’t going to work”, O’Leary said in an interview with Market Insider.

O’Leary believes that the current collapse can help in teaching investors caution and further help to improve the state of the digital assets market. The Shark Tank investor also believes there are positives from the TerraUSD crash.

“It’s nothing, a rounding error in the context of a sovereign wealth,” O’Leary said. While it may be bad for investors in the current market scenario, such instances will help in educating the market

Furthermore, he believes the small and short-term projects that fail will help strengthen the market in the coming years. A collapse in short-term or social-media-driven projects may indicate when the crypto cycle reaches a bottom.

O’Leary is Buying These Stocks

After the Federal Reserve raised interest rates by 75 basis points, Kevin O’Leary decided to change his investing approach in the market. Firstly, O’Leary stated that he will stop buying bonds from here on. “I’m not going to deploy capital at 3-and-a-quarter per cent for 10 years. That’s a horrible return when the markets have traditionally given me 6-9%”, he said.

Currently, O’Leary is preferring to invest in the equities market. Despite the recent correction in the shares market, the Shark Tank host expects a higher return in the long-term by buying more equities. According to O’Leary, the top 100 companies in the S&P 500 are the best way to go.

Since these firms boast strong balance sheets and cash flows, Kevin O’Leary will be looking to add his investments to these companies.

What Cryptos is O’Leary buying?

Kevin O’Leary is a staunch supporter of the crypto markets and owns a wide range of digital assets in his portfolio. His bullishness for blockchain technologies is reflected in his holdings, as he holds 32 cryptocurrencies.

Among the most mainstream assets in his portfolio, O’Leary invests in Bitcoin and Ethereum, making up for a chunk of his total holdings. However, O’Leary holds other popular tokens like Solana (SOL) and Polygon (MATIC).

More than cryptocurrencies and blockchain technology, the billionaire is also betting on human resources and the upcoming generation of people interested in the Web3 sector.

“Look at an MIT graduating class of engineers. “The smartest people want to work on the blockchain. So you’ve got the majority of the best intellectual capital in the world solving poor outcomes on the chain — why wouldn’t you expect that to work?” O’Leary said.

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Cryptoasset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.