Well-known investor Kevin O’Leary confirmed that “Bitcoin has not yet been sold, despite its heavy price drop”

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Shark Tank investor Kevin O’Leary, also known as Mr. Wonderful, said he hasn’t sold any cryptocurrency despite the crypto market crash. some Because you have to understand that Crypto is volatile,” he emphasized.

I haven’t sold anything yet.

Shark Tank investor Kevin O’Leary spoke about Bitcoin and other cryptocurrencies during an interview with Insider on Saturday.

O’Leary talks about the turbulence that has happened to the market. crypto At present that:

I haven’t sold anything … in the long run it may just feel a little upset in my stomach. But you have to understand that you may experience volatility. and some projects may collapse

O’Leary currently holds over 32 different cryptocurrencies, and he is also a strategic investor in Wonderfi Technologies, a crypto platform that has received conditional approval for listing on the Toronto Stock Exchange (TSX). last week

In an interview with Bankless published last week, O’Leary said that his biggest holdings of digital assets right now are Ethereum and Bitcoin. However, he added, “I also have large positions in USDC and FTX. in total capital value”, including some Polygon and Solana, emphasizing the importance of diversification.

O’Leary said that eight weeks ago his crypto holdings accounted for about 21% of the portfolio, but now it’s down to around 18%. He further explains:

“There was a big correction in the market. You have to be patient, pinch your nose and get used to that fluctuation.”

O’Leary explains that the recent collapse of crypto coins Terra (LUNA) and Terrausd (UST) have provided valuable lessons for investors.

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The collapse of UST “taught everyone that this was not a solid investment,” he said, emphasizing that. “What is important is to study and watch the market grow.”

However, O’Leary added, the collapse of Terra Did not have a big impact on the global financial markets. He commented:

“Never mind, this error in the context of sovereign wealth. It’s not good for investors. But they have taught the market what not to do. Which I think is a good thing.”

Mr. Wonderful says trillions of dollars will flow into Crypto “when we get clear policies and controls from regulators.” Crypto will become the 12th major sector of the US economy in the next 10 years.

source: news.bitcoin

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