Shark Tank star Kevin O’Leary shares advice on how to get into Bitcoin

Shark Tank star Kevin O’Leary gave some advice on getting started with Bitcoin or other cryptocurrencies. Additionally, O’Leary announced that its exposure has increased by about 10%.

Kevin O’Leary – An investor at Shark Tank

Kevin O’Leary has some advice for new investors

Shark Tank star Kevin O’Leary, President of O’Shares ETFs, gives some advice to new investors into Bitcoin or the crypto space at a for the first time. want to get in interview with Bitcoin Magazine earlier this month.

O’Leary was asked:

“Do you have any advice for those curious about Bitcoin or new to the world?”

He answered:

“I highly recommend them exploring this property and the way to do that is to start small and familiarize yourself with the platforms. Are you going to buy BTC through a centralized wallet? Or do you opt for a decentralized platform? Try out all the options, learn from experience.

The problem with Bitcoin is that you have to learn how to use it … There are several ways to access it and own it. ”

The Shark Tank star then announced that “his 25-year-old son has now mastered every way of owning Bitcoin – all kinds of trading, owning and staking. My kids are the next generation. He did it on his own and has never been to a bank branch. I don’t understand how to do that. ”

“Generation Z, millennials and now baby boomers are all learning. Everyone has flaws. I know people lose money, but they did it on a small scale. You will not make this mistake again and become aware of how to do it.

It’s a great space, an ideal property. It is a must if you are an investor. How you do that depends entirely on what you are learning. ”

Fortunately, according to O’Leary, we have “a huge online resource community. You can only spend three or four hours looking at what Bitcoin is, how it works, and how to get it.”

At a Reddit Talk session on Thursday, he stated that his assets include multiple cryptocurrencies, as well as companies and products in the field, such as a decentralized wallet builder.

“So I’m going to end the year with a very substantial crypto inventory and it’s not just Bitcoin.”

Although the Shark Tank star doesn’t reveal all of its coins, it confirms ownership of BTC, ETH, USDC, etc. He admits that he owns “a lot of ETH” and bought his first coin in 2017.

“I have expanded my portfolio dramatically. At the beginning of the year I had 3%. The aim is to reach 7% by the end of the year. However, with the appreciation of so many assets I now own, the portfolio is now close to 10%. ”

In early October, he said he was exposed to more cryptocurrencies than gold for the first time. In September, O’Leary predicted that “trillions of dollars” would flow into BTC.

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