Crypto
O'Leary Re-Enters Crypto Market, Sees Watershed Moment Ahead
Kevin O'Leary, investor and Shark Tank personality, has re-entered the crypto market. He made this announcement at the Avalanche Summit in New York.
O'Leary is buying new positions for the next cycle, focusing on figuring out which blockchain will achieve widespread adoption and usage.
He believes a major stock exchange adopting a blockchain could be the 'watershed moment' for the industry, with the rest of the financial system following suit.
O'Leary estimates that Bitcoin has room to grow within traditional portfolios and predicts it could eventually make up 1% to 3% of alternative-asset allocations.