Kevin O’Leary Explains Why He Plans To Increase His Crypto Exposure
Kevin O’Leary Shark, the Shark Tank star and investor plans to increase his crypto exposure before large institutional money from pension and sovereign funds enter the crypto market.
O’Leary said in a recent interview with stock market and real estate investor Griffin Milks, that as of now crypto investing is still at the level from retail to family office, and that the large institutional money has not entered the market yet.
“Many people don’t yet know how to get exposure to the crypto markets. I know there’s a lot of excitement out there, but much of what is going on in crypto is happening at the individual level, or at the hedge fund level, or the high-net-worth level, or the family office level.”
It is not happening yet at the institutional or pension or sovereign fund level. Those customers that I know through my work in indexing have told me there’s a great interest in allocating the crypto, but no compliance infrastructure that allows them to do it.
They have compliance committees. They have compliance departments. They have regulators that oversee them.”
According to O’leary the crypto market still has a lot of room for growth and that personally he believes it’s still early, and that he is planning to get in before the compliance regulations are being built.
“The way to look at this is it’s so nascent, it’s so early that if you believe that there’s a future of decentralized finance and cryptocurrencies, which I do, You have to make that binary decision: either you believe it or you don’t…
I’m not telling people what to do, but I see no reason in my own personal position not to get some exposure while this grinds through the global compliance regulator in every geography.
I think, over time, because of the really persuasive argument of reducing fees, transparency and speed of transactions in just the payment systems and the global currency markets, there’s so much potential. I’m a believer and I see no reason not to participate.”
The Shark Tank star, who only recently flipped bullish on crypto, said last month that for the first time his portfolio has more crypto than gold.
