Shark Tank star praised the crypto space and described it as a fantastic assets market. Kevin also advised newcomers in crypto. And also said that they are going to hold a very big in crypto at the end of this year.
Kevin O’Leary is chairman of O’Shares ETFs. Kevin personally holds a 10% portfolio in crypto only. And also his company and businesses hold crypto directly and indirectly in different ways.
In an interview with the Bitcoinmagazine, Kevin was questioned whether they will advise new investors in crypto. Then Kevin said that it is better to start with small and also it is important to understand the platform that how it works and further continues
“Are you going to buy it through a centralized wallet? Are you going to decentralize? Try all the options, learn by experience”
In particular, Kevin suggested that you need to understand how you are going to own bitcoin. And the most important thing is how you are going to work with it.
After that, Kevin said that his 25-year-old son is already all in crypto and he is at next-generation space because he understands how it works but he doesn’t go to the bank.
For the new investors, Kevin suggested that they should do their work with small amounts and they should not only learn from their past mistakes but also need to learn about how to handle them. But don’t repeat the same mistake.
Further, Kevin added:
“It’s a wonderful universe. It’s a fantastic asset. It’s a must-own if you’re an investor, and then it’s about how you do it. But it’s all about education”
Kevin also emphasized the need for education on crypto. According to Kevin, investors should gain knowledge on Bitcoin and that will take only 2-3 hours only. All knowledge about Bitcoin is available by the community.