ICOLINK - ICO Listing Directory and Blockchain Community | "Link your ICO to Success!"
  • Home
  • NEWS
  • Kevin O'Leary: Crypto companies will enter the S&P 500 index
2 minutes reading time (353 words)

Kevin O'Leary: Crypto companies will enter the S&P 500 index

Kevin O'Leary | The star of the Shark Tank

The star of the Shark Tank show looks positively to the future. He believes that digital assets will become the 12th sector of the economy in the S&P 500 index. The main American stock index includes companies operating in 11 industries. According to Business Insider with reference to Kevin O'Leary, the investor expects cryptocurrencies to expand the index.

Experts advise not to place more than 20% of the investment portfolio in companies in one sector of the economy and no more than 5% in shares of one company. If crypto companies do enter the S&P 500 in the future, investors will have a significantly expanded choice. In addition, shares of cryptocurrency companies can act as a hedging asset, the investor believes. 

O'Leary said that he now has 32 different cryptocurrencies and tokens in his portfolio, including Solana, bitcoins and Polygon tokens. The investor limits the share of cryptocurrencies to no more than 20% of the portfolio, and no asset in his portfolio exceeds 5% of the total amount. The investor expects that shares of companies from the crypto industry will enter the S&P 500 index in the next decade.

Bitcoin is not just a coin, it is software. Just like altcoins. If you believe that software can have long-term economic value, you can allocate up to 5% of your operating budget. I have made the largest investments in assets that I think have excellent economic prospects

explains Kevin O'Leary

The investor reminded that maximum diversification of the investment portfolio is necessary. No one knows how the assets will behave in the future, but at the same time, only one or two assets from the entire portfolio can bring it into profit. O'Leary also said that he has not yet purchased any virtual property in the metaverse. According to him, first we need to see which platforms and types of metaverses will gain popularity. At the beginning of the year, the star of the Shark Tank show said that NFTs could become more in demand than Bitcoin. 

Sam Bankman-Fried: exchange FTX will fix "broken" ...
Vitalik Buterin Sent 700 ETH to War-Stricken Ukrai...

Related Posts


We accept payments in BTC, ETH, BCH,

Coin Payments

website tech support FixJoomla.com

ICOLINK.COM 2023 © All Rights Reserved

Share this page in Social Media: