Shark Tank’s Kevin O’Leary Says 4 Altcoins Have Potential – However ‘Granddaddy Crypto’ Bitcoin Is Unbeatable

by Cryptospacey

Shark Tank star Kevin O’Leary believes that no different crypto asset will ever take the place of Bitcoin (BTC).

In a brand new interview with Stansberry Analysis, O’Leary explains why he’s long-term bullish on the benchmark cryptocurrency.

“I don’t suppose you’re ever going to move the granddaddy crypto. That’s going to proceed to turn into tougher and tougher to mine and simply get extra scarce. It’s actual property to me. To me it’s AAA workplace actual property. I’m holding my cash in perpetuity. My assumption is it is going to at the very least match the indexes efficiency over time if not beat it.”

O’Leary says that Bitcoin continues to be comparatively insignificant in contrast with different asset lessons, however that would change as new rules take maintain.

“It’s nice to speak about retail traders in Bitcoin, however they’re completely nothingburgers. Actually, Bitcoin’s lower than a trillion {dollars}, which is nothing within the context of belongings. How’s that going to vary? The one method that modifications is that if we get coverage. In different phrases, if we enable establishments to purchase Bitcoin and cryptocurrencies and with the intention to try this we want the SEC and the regulators to rule.”

Regardless of contemplating Bitcoin as the perfect crypto asset, the billionaire says he additionally sees funding potential in Ethereum challengers Solana (SOL) and Avalanche (AVAX), in addition to within the layer-2 scaling platform Polygon (MATIC) and the decentralized community for Web of Issues, Helium (HNT).

“Productiveness instruments like Solana, which might enhance the velocity of transactions on blockchain by a hundredfold, I feel that has lots of potential.

I wish to personal that. I like what’s occurring with Avalanche. I like what’s occurring with Helium, I personal that too. I like lots of these totally different properties. Polygon, one other one which’s aggregating transactions to cut back fuel charges on Ethereum. These are all good concepts.”


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Featured Picture: Shutterstock/Artwork Furnace/Natalia Siiatovskaia

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