Kevin O’Leary reveals new addition to Altcoin wallet amid ‘huge’ allocations in Ethereum, Solana and Polygon

Shark Tank investor Kevin O’Leary has revealed that he has a new altcoin position in his portfolio of crypto assets.

In a new interview, O’Leary says that apart from “huge” positions in Ethereum (ETH), Solana (FLOOR), Polygon (MATIC) and Helium (NHT), it is also invested in Polymath (POLY).

POLY is an Ethereum token that aims to facilitate the issuance, creation, and management of digital securities representing ownership of assets such as stocks or real estate.

“I own everything. I have 32 positions. I don’t know which ones will work. I don’t need everything to work. I just need some huge positions in Ethereum, huge in Bitcoin, Solana, Polygon, Helium, POLY – the new one I just took.

O’Leary says he’s also excited about his allocation in USDC issuer Circle. The venture capitalist claims that with regulatory clarity, Circle’s USDC has the potential to completely disrupt the forex industry, as well as reduce friction for international money transfers.

“I now own a piece of Circle on Tower F next to Fidelity and BlackRock and did it because I saw them go in there. I would never have done this without the approval of such compliant and SEC-regulated entities betting in the middle of a stablecoin storm. It’s a turning point for crypto, I think.

Ultimately, O’Leary says crypto is poised to become the next sector in the S&P 500 Index, proof of which is the huge movement of tech professionals migrating into the industry.

“There are all kinds of projects and the thought for me is, you’re going to be teaching a class of MIT engineering graduates right now. I give guest lectures there. A third of the class is enterprising. Where do they want to go? They have no interest in working in any of the 11 sectors of the economy. They want to work on the blockchain. They want to be in crypto.

You can’t put that much intellectual capital into something and not have great results one day. It’s like being [at] the beginning of the internet and i’m talking about the smartest and brightest men and women around the world who say fuck everything else i want to work on crypto.

O

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James V. Hayes