The prominent Canadian-born investor Kevin O’Leary, who is known, among other things, for the original American version of the reality TV show “The Lion’s Den”, which is also produced in this country, has again commented on the outlook for the expressed crypto market, which in his opinion is overwhelmingly positive. For this reason, the star investor wants to invest significantly more in cryptocurrencies like Bitcoin (collective coin from 5 euros at Amazon), which has recently risen sharply.
O’Leary expects the growing financial interest in cryptos to generate tens of trillions of dollars in growth. For this reason, the star investor wants to double the crypto share of his portfolio to 7% by the end of 2021. Thus, for the first time, O’Leary would have invested more in crypto than in gold, the safe haven for precious metals. However, as O’Leary’s bullish forecast also shows, despite the optimism surrounding crypto, it is still extremely important to rely on a diversified portfolio.
For example, according to a Yahoo Finance article, O’Leary’s largest investment fund, the O’Shares US Quality Dividend ETF (OUSA), does not bet on crypto at all, preferring to invest in US companies. very profitable with high growth and high yields. In his private portfolio, O’Leary also follows the advice of many financial experts, who mostly recommend a crypto share in the single-digit percentage range. Conservative investors often recommend a crypto share of 5% or less, while a crypto share around 10% is considered very risky.
This article is published for informational purposes only and does not constitute investment advice.
The tech bug caught me at a young age, when I took my first steps into PCs in the Pentium II era. Since then, modding, overclocking, and meticulous care of my hardware has just been part of it for me. During my studies, I also developed a particular interest in mobile technologies, which can make stressful everyday student life much easier. After finding my love for creating web content while working in marketing, I set out as an editor at Notebookcheck to research the hottest topics in the fascinating world of technology. Outside of the office, I have a particular passion for motorsport and mountain biking.