Notebookcheck Logo
, , , , , ,
search relation.
, , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,
 

Celebrity investor Kevin O'Leary predicts that trillions of dollars are coming to the crypto market

Star investor Kevin O'Leary is confident that the crypto market will attract trillions of dollars of financial interest (Image: ABC)
Star investor Kevin O'Leary is confident that the crypto market will attract trillions of dollars of financial interest (Image: ABC)
The future of the crypto market appears to be bright, which is why the prominent Canadian millionaire plans to double the percentage of crypto assets in his portfolio by the end of this year.

The prominent Canada-born investor Kevin O'Leary, who is mostly known for his appearances in the US reality TV show Shark Tank, has once again asserted his optimistic outlook regarding the crypto market, which according to him is very promising. Therefore O'Leary plans to buy much more crypto assets like the recently surging Bitcoin for his private portfolio until the end of 2021.

O'Leary forecasts that the steadily increasing financial interest in cryptocurrencies will bring trillions of dollars to the crypto market. For this reason he plans to double the position ratio of his crypto assets to 7 percent, which means that percentage-wise he has invested more in crypto that in the safe haven gold. But O'Leary's optimistic crypto prognosis also highlights the importance of a diversified portfolio.

According to an article by Yahoo Finance, O'Leary's largest investment fund, the O’Shares U.S. Quality Dividend ETF (OUSA), carries no crypto assets at all and instead invests in growing and profitable American companies with high dividend yields. However, in regard to his private portfolio, O'Leary appears to follow the advice of many financial experts who recommend a crypto position ratio of under 10 percent. Conservative investors often recommend to invest 5 percent or less in cryptocurrencies, whereas a crypto ratio closer to 10 percent is considered to be high risk.

Buy a commemorative Bitcoin on Amazon

Disclaimer: This article is for informational purposes only and does not include any kind of investment advice.

Source(s)

Yahoo Finance, Image: ABC

Read all 1 comments / answer
static version load dynamic
Loading Comments
Comment on this article
Enrico Frahn
Editor of the original article: Enrico Frahn - Tech Writer - 932 articles published on Notebookcheck since 2021
My fascination for technology goes back a long way to the Pentium II era. Modding, overclocking and treasuring computer hardware has since become an integral part of my life. As a student, I further developed a keen interest in mobile technologies that can make the stressful college life so much easier. After I fell in love with the creation of digital content while working in a marketing position, I now scour the web to bring you the most exciting topics in the world of tech. Outside the office, I’m particularly passionate about motorsports and mountain biking.
contact me via: LinkedIn
Please share our article, every link counts!
> Notebook / Laptop Reviews and News > News > News Archive > Newsarchive 2021 10 > Celebrity investor Kevin O'Leary predicts that trillions of dollars are coming to the crypto market
Enrico Frahn, 2021-10-20 (Update: 2021-10-20)