Shark Tank investor Kevin O’Leary says he plans to invest much more in the cryptocurrency markets before any major fundamental development takes place. In a new interview with stock market and real estate investor Griffin Milks, O’Leary notes that crypto investment is not yet available to the biggest institutional players. Detail Cryptocoin. com
Raises cryptocurrency investment
Kevin O’Leary of Shark Tank is dramatically increasing investment in crypto markets. Investor says:
Many people do not yet know how to invest in the crypto markets. I know there’s a lot of excitement out there, but much of what’s happening in crypto happens at the individual level, hedge fund level, high net worth level, or family office level. It is not yet happening at the corporate, pension or government fund level. Clients I know from my indexing work have said that there is great interest in allocating crypto, but there is no compliance infrastructure that allows them to do so.
The famous investor says many crypto markets still have more room for growth and are trying to enter early while the regulatory infrastructure is still being built:
If you believe that decentralized finance (DeFi) and cryptocurrencies have a future, as I do, you must make that decision: believe it or not. Over time, I think there’s a lot of potential just because of the really compelling argument for lowering fees, transparency and speed of transactions in payment systems and global money markets. I am a believer and I see no reason to disagree. ”
O’Leary’s comment came after he announced that he is aiming to increase crypto investments in the holding company from 7% to potentially 20%.