Celebrity investor Kevin O’Leary invests in altcoin projects, but said he would rather consult with regulators than become a “crypto cowboy”. Cryptocoin. com
As , we convey the views of the famous investor…
O’Leary points out regulatory concerns
O’Leary told CNBC on Tuesday that he prefers to consult with regulators before investing in cryptocurrency to see “what is possible and what is not.” He stated that he had no interest in investing against the U.S. Securities and Exchange Commission (SEC). O’Leary, a “Shark Tank” investor and chairman of the O’Shares ETF, said he chose to comply and comply with regulators because “the real capital is here.”
I’m not interested in being a crypto cowboy and making trouble for anyone. Because I have so many entities in the real world that I have to be compatible anyway.
Shark Tank investor looks at technology behind altcoin projects
Apart from that, O’Leary said that he could potentially earn a 6 percent return by purchasing USD Coin pegged to the US dollar. On the other hand, O’Leary said that he does not think of cryptocurrencies like Bitcoin “like other people”. O’Leary said he views BTC as “software development” and therefore when he wants to invest in the space, he wants to understand which blockchain platform will “win in the long run.”
He named Solana (SOL), Polygon (MATIC), and Hedera Hashgraph (HBAR) as a few examples. “I have to invest in all of them, not just one, because I don’t know who the winner will be,” he said. He added that during this process he sought which market offered the best engineering talent and policy.