SOL, AVAX, MATIC among the biggest holdings in Shark Tank's Kevin O'Leary's portfolio


  • Shark Tank's Kevin O'Leary is a Canadian businessman and entrepreneur bullish on Solana, Avalanche and MATIC. 
  • O'Leary revealed in an interview that 20% of his operating company's portfolio is now in crypto. 
  • Avalanche, Solana, Helium and Ethereum-competitors feature in O'Leary's portfolio; the Shark is bullish on crypto in 2022. 

Kevin O'Leary of Shark Tank is bullish on crypto, and 20% of his operating companies' portfolio consists of cryptocurrencies. The millionaire holds 32 positions in cryptocurrencies and revealed his bullish outlook on Avalanche, Solana and MATIC. 

Shark Tank's Kevin O'Leary holds SOL, AVAX and MATIC

In an interview at Bitcoin Miami, Kevin O'Leary, a Canadian entrepreneur and investor, told Cointelegraph that he has increased his cryptocurrency holdings from 7% to 20% of his overall portfolio. O'Leary revealed a total of 32 positions in cryptocurrencies, of which notable ones are in Solana, Avalanche and MATIC, among other Ethereum competitors. 

O'Leary said, "Ethereum is too slow for me as a financial services guy," and he is bullish on the potential of competitors Avalanche and Solana in light of recent updates and the projects' potential. 

Of his operating companies' portfolio, 20% is in crypto. O'Leary's relationship with FTX introduced him to Hedera, Polygon, and Helium, besides SOL, AVAX and MATIC. Mr.Wonderful revealed institutions are now keen on crypto investments with progress in the regulatory landscape. 

Mr.Wonderful believes it's impossible to know "who's going to win", therefore, he has exposure to various cryptocurrencies and platforms like FTX. He believes cryptocurrency adoption in the US could skyrocket with higher regulatory clarity. 

In 2022, O'Leary is looking at higher institutional capital inflow in crypto, regulatory clarity in the US and growth in Ethereum's competitors, Solana and Avalanche. 

FXStreet analysts have evaluated the Solana, Avalanche and MATIC price trends and believe the upside is capped for the Ethereum-killer. Solana price upside is capped between $102 and the $122 resistance level while the altcoin prepares for recovery. 

 


Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers. The author will not be held responsible for information that is found at the end of links posted on this page.

If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.

FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.

The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.

Join Telegram

Recommended content


Recommended Content

Editors’ Picks

MANTA suffers 4% pullback after unlocking tokens worth $40 million

MANTA suffers 4% pullback after unlocking tokens worth $40 million

Manta Network (MANTA) unlocked over 8% of its circulating supply on Thursday. The unlocked tokens were airdropped and distributed in public sale, according to data from Tokenunlocks. 

More Cryptocurrencies News

XRP struggles to recover as lingering Ripple lawsuit could reach Supreme Court, former SEC litigator says

XRP struggles to recover as lingering Ripple lawsuit could reach Supreme Court, former SEC litigator says

The SEC vs. Ripple potential showdown at the Supreme Court is likely, says former SEC litigator Ladan Stewart. XRP Ledger calls developers, businesses and investors to build on the blockchain, extending Apex 2024 registration until April 30. 

More Ripple News

Bitcoin Layer 2 Merlin chain TVL climbs 20%, defying broad market correction

Bitcoin Layer 2 Merlin chain TVL climbs 20%, defying broad market correction

Merlin chain’s TVL added 20% this week, and crossed $800 million on Thursday. Bitcoin Layer 2 assets noted double-digit losses in the past week. Stacks, Elastos, SatoshiVM, BVM are hit by a correction as Bitcoin hovers around $61,000. 

More Bitcoin News

If Bitcoin restarts bull run, these altcoins are likely to explode Premium

If Bitcoin restarts bull run, these altcoins are likely to explode

If Bitcoin’s consolidation ends and the bull run resumes, altcoins are likely going to trigger a massive rally. Last cycle’s hot tokens like SOL, AVAX, WIF, ONDO, etc., could see renewed enthusiasm. 

More Cryptocurrencies News

Bitcoin: BTC’s rangebound movement leaves traders confused

Bitcoin: BTC’s rangebound movement leaves traders confused

Bitcoin (BTC) price has been hovering around the $70,000 psychological level for a few weeks, resulting in a rangebound movement. This development could lead to a massive liquidation on either side before a directional move is established. 

Read full analysis

BTC

ETH

XRP