DeFi Crypto Infrastructure Investments Outperforming Bitcoin | Canadian WonderFi and Immutable Holdings In Kevin O’Leary’s 2022 Portfolio

1 min read

Shark Tank investor Kevin O’Leary sees other opportunities in the crypto space besides investing in Bitcoin (BTC) and other digital assets.

In a new interview with Kitco News, O’Leary explains his logic behind investing in Canada-based decentralized finance (DeFi) platform WonderFi and Immutable Holdings, a Puerto Rico-based blockchain company focused on non-fungible tokens (NFTs).

“I’ve decided that I’d like to own some of the infrastructure of web 2.0, web 3.0 and so I’ve taken equity positions, where regulators allow it and that’s primarily Canada…

I’ve got 5% weight in those names because I want to own the picks and shovels. It’s not just the gold that people made money on [during] the gold rush. It was the picks and shovels, so in my portfolio, I’ve got a lot of picks and shovels, and again it’s all software.”

According to O’Leary, these companies offer big opportunities for younger professionals because the people behind these firms are building the future of financial services.

“They want to be on the chain – that’s where the future is, and they’re the smartest hands and that’s where they make the most money because they’re [doing] cutting-edge advances in financial services. That’s the investment thesis.”

The celebrity investor highlights that his investments in crypto infrastructure plays have so far surpassed the gains generated by Bitcoin (BTC).

“It’s not just Bitcoin. Some of these equities have actually outperformed Bitcoin for me because they’ve had dramatic moves as markets start to recognize the merits of owning these companies.”

 

Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Celrbug.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by, or in connection with, the use of or reliance on any content, goods or services mentioned in this article.

The information on or accessed through this website is obtained from independent sources we believe to be accurate and reliable, but Celrbug.com makes no representation or warranty as to the timeliness, completeness, or accuracy of any information on or accessed through this website. Celrbug.com is not an investment advisor. We do not give personalized investment other financial advice. The information on this website is subject to change without notice. Some or all of the information on this website may become outdated, or it may be or become incomplete or inaccurate. We may, but are not obligated to, update any outdated, incomplete, or inaccurate information.

Featured Image: Shutterstock/Tithi Luadthong/Vladimir Sazonov

 

Via this site