Crypto Billionaire: I Will Put A Lot Of Money In These 2 Altcoins!

In his latest interview, famed billionaire Kevin O’Leary shared his cryptocurrency purchases and comments on the current bearish market. Shark Tank star and venture capitalist Kevin O’Leary talked about his recent altcoin portfolio allocations. He also weighed the state of the crypto bear market. Here are the details…

O’Leary has added these cryptocurrencies to his portfolio

In a new interview with Crypto Banter, O’Leary revealed that his investment firm is investing in two cryptocurrencies in particular. He said his fund is working on adding more crypto cases to Helium (HNT) and Pollen (PCN), both of which are related to decentralized telecommunications use cases. He stated that they made such an attack as their operating procedure. On the other hand, he states that he will not invest more than 5 percent of his operating fund in Bitcoin. For this reason, he explains that he is focusing on other altcoins such as Ethereum (ETH) and Solana (SOL). O’Leary uses the following terms:

We are just trying to add a position to Pollen and Helium, which are really valuable projects in telecommunications distribution. But the real problem is that you don’t know when these asset classes will move.

Billionaire name talks about regulations

O’Leary talked about the Stablecoin Transparency Clause, a bill that aims to provide regulatory clarity for stablecoins. He thinks this indicates that the entire industry is on the verge of legalization. In addition, he believes that new capital will flow into the field with the regulations and the sense of legitimacy that will come with it. He reports that many of the major wealth funds he works with are not cryptocurrencies by chance. He says the reason behind this is compliance departments’ attitude towards cryptos.

O’Leary states that wealth funds around the world cannot afford to have problems with the U.S. Securities and Exchange Board (SEC). He said that the US market is critical for his other investments. According to venture capitalists, major international players will flock to the crypto markets when clarity comes from the US authorities. O’Leary states that asset and pension funds will be buying heavily, which will mean upside for the crypto space. For this reason, he states that he views the regulation positively.

This method thinks that if funds transfer a trillion dollars to Bitcoin, the largest cryptocurrency will settle in the $60,000-100,000 range. Therefore, he states that he is optimistic for BTC. At the time of writing, BTC is changing hands at $19,281. In recent weeks, he has been dealing with the $20,000 level. As we have also reported, BTC recorded its all-time high in November of 2021. At that time, the coin was changing hands at $69,000. It has dropped 70 percent since then.

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