{"id":12842,"date":"2021-10-05T00:54:04","date_gmt":"2021-10-05T00:54:04","guid":{"rendered":"https:\/\/www.buyucoin.com\/crypto-labs\/kevin-oleary-my-crypto-exposure-is-greater-than-gold-for-the-first-time-ever\/"},"modified":"2021-10-05T00:54:04","modified_gmt":"2021-10-05T00:54:04","slug":"kevin-oleary-my-crypto-exposure-is-greater-than-gold-for-the-first-time-ever","status":"publish","type":"post","link":"https:\/\/www.buyucoin.com\/crypto-labs\/kevin-oleary-my-crypto-exposure-is-greater-than-gold-for-the-first-time-ever\/","title":{"rendered":"Kevin O\u2019Leary: \u2018My Crypto Exposure Is Greater Than Gold for the First Time Ever\u2019"},"content":{"rendered":"

Shark Tank star Kevin O\u2019Leary, aka Mr. Wonderful, has revealed that he has more crypto exposure than gold for the first time. He hopes to increase his crypto allocation to 7% in the next few months, emphasizing: \u201cI don\u2019t see a situation where crypto\u2019s ever going away.\u201d<\/strong><\/p>\n

Kevin O\u2019Leary Now Has More Crypto Than Gold<\/h2>\n

Kevin O\u2019Leary has revealed that his portfolio now has greater exposure to cryptocurrency than gold for the first time. He tweeted Saturday:<\/p>\n

For the first time ever, my crypto exposure is greater than gold.<\/p>\n

His comment followed his interview with Stansberry Research\u2019s Daniela Cambone, published Friday. Emphasizing, he is \u201ca believer\u201d and an investor in crypto, Mr. Wonderful shared: \u201cAt the end of the year, I\u2019m hoping to be at 7% of our operating company\u2019s portfolio in cryptocurrencies.\u201d Moreover, he said, \u201cI\u2019m investing in a wide range of different crypto products as a strategy.\u201d<\/p>\n

The Shark Tank star noted:<\/p>\n

I am happy to listen to anybody but, I\u2019m sorry, I don\u2019t agree if the answer is you have zero exposure to crypto.<\/p>\n

The Idea of Governments Making Bitcoin Illegal Is \u2018Far-Fetched\u2019<\/h2>\n

O\u2019Leary also shared his view on whether governments could ban cryptocurrencies. Citing the comments by Bridgewater Associates founder Ray Dalio stating that governments can kill<\/a> bitcoin if it becomes too successful, he was asked, \u201ccan bitcoin be stopped \u2026 will governments win?\u201d<\/p>\n

Mr. Wonderful replied: \u201cIt\u2019s a great debate. However, the productivity enhancements that are available through cryptocurrencies and the entire infrastructure of the decentralized finance (defi) are too far interesting for even governments. I don\u2019t think the U.S. government wants to fall behind in the development of new payment systems and services online that are being brought forward by the development in all kinds of centralized and decentralized finance systems.\u201d He elaborated:<\/p>\n

So I don\u2019t see a situation where crypto\u2019s ever going away \u2026 The idea that governments all around the world are going to synchronize and make bitcoin illegal, I think, is far-fetched.<\/p>\n

\u201cCrypto is not just betting on the price of bitcoin anymore. There\u2019re so many other ways to invest, particularly in blockchain opportunities, Solana, Ethereum \u2026 so many different level ones and then, of course, level two is the derivatives that are put on top of Ethereum and Solana and all the others \u2026 NFTs [non-fungible tokens] are [also] going to be growing very quickly,\u201d he added.<\/p>\n

Bitcoin vs. Gold<\/h2>\n

Regarding his gold investment, he said: \u201cI have 5% in gold \u2026 I\u2019m going to keep my gold. I see no reason to sell it.\u201d<\/p>\n

O\u2019Leary was asked whether he agreed with Virgin Galactic Chairman Chamath Palihapitiya, who recently said bitcoin \u201chas officially replaced gold<\/a>.\u201d<\/p>\n

He replied: \u201cNo. Nothing\u2019s going to replace gold. Gold has been tried and proven for 2,000 years. The Romans were hoarding it. I think what happens is gold will remain an asset class in portfolios, like mine and others, as a property.\u201d<\/p>\n

Regarding the overall crypto industry, O\u2019Leary concluded:<\/p>\n

I just see a lot of investment opportunities, and I\u2019m going to be an investor in that space.<\/p>\n

What do you think about Kevin O\u2019Leary\u2019s comments? Let us know in the comments section below.<\/strong><\/em><\/p>\n

Bitcoin News
\nFeatured, Chamath Palihapitiya, decentralized finance, DeFi, gold vs bitcoin, kevin o’leary, kevin o’leary bitcoin, kevin o’leary crypto, kevin o’leary cryptocurrency, kevin o’leary defi, kevin o’leary nfts, oleary gold, Shark Tank<\/p>\n","protected":false},"excerpt":{"rendered":"

Shark Tank star Kevin O\u2019Leary, aka Mr. Wonderful, has revealed that he has more crypto exposure than gold for the first time. He hopes to increase his crypto allocation to 7% in the next few months, emphasizing: \u201cI don\u2019t see a situation where crypto\u2019s ever going away.\u201d Kevin O\u2019Leary Now Has More Crypto Than Gold…<\/p>\n","protected":false},"author":0,"featured_media":12843,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[53,3],"tags":[],"class_list":["post-12842","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blockchain-news","category-coin-news"],"_links":{"self":[{"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/posts\/12842"}],"collection":[{"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/comments?post=12842"}],"version-history":[{"count":0,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/posts\/12842\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/media\/12843"}],"wp:attachment":[{"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/media?parent=12842"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/categories?post=12842"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/tags?post=12842"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}