Kevin O’Leary: “I evaluate cryptocurrencies depending on their blockchain” – Bits Media

Entrepreneur Kevin O'Leary said, which evaluates cryptocurrencies depending on the blockchain, on which they work. He is also interested in knowing the opinion of regulators on the further development of the industry.

Earlier this month Kevin O'Leary (Kevin O’Leary) told, what at the beginning of the year, cryptocurrencies occupied 3% his investment portfolio, and now he has increased this share to 10%. However, in an interview with CNBC, he said, that he is not going to be a “cryptocurrency cowboy”, speaking in support of cryptocurrencies. O'Leary wants to know what regulators think about investing in cryptocurrencies, to stay informed, what not to get involved in, when it comes to crypto assets.

According to the entrepreneur, he is not interested in investing in digital assets, эмитенты которых могут вступить в судебную тяжбу с Комиссией по ценным бумагам и биржам США (SEC), как это случилось с компанией Ripple. В конце прошлого года ведомство подало иск против Ripple, accusing her of conducting an unregistered ICO worth $1.3 billion. The legal proceedings against the company are still ongoing..

O'Leary also touched on the topic of central bank digital currencies, stated, that he is not interested in using the digital Russian ruble, digital yuan or other government stablecoins. Unknown, On what blockchain do state cryptocurrencies operate?, and how governments will control their circulation, stated the entrepreneur.

However, he believes, what about stablecoins, pegged to the US dollar, there is much more potential. Although the investor admitted, that given the rise in inflation and the decline in the purchasing power of the dollar, this may seem counterintuitive. Besides, O'Leary stated, that I could invest in USDC stablecoin, investing in it 5% their funds.

The investor also told, that he attended the annual city festival in Abu Dhabi, dedicated to financial technology. O'Leary was interested in communicating with industry participants and UAE regulators, since this country creates favorable conditions for the development of blockchain.

An entrepreneur evaluates cryptocurrencies from a blockchain perspective, on which they work, and tries to understand, which technology can “win” in the long term. He mentioned SOL cryptocurrencies, MATIC and HBAR, said, that he needs to invest in all three, Since it is unclear, which one will be the “winner”.

"That's why I came to Abu Dhabi. I want to know the further development plan for the blockchain and cryptocurrency industry in this jurisdiction. I'm interested in hearing from regulators in other countries as well., которые думают дальновидно о децентрализованных финансах», – сказал О’Лири.

Ранее предприниматель сравнил биткоин с золотом, а эфир с серебром, и заявил, that no cryptocurrency can take a bitcoin place.