Thread by @philrosenn

1/ I sat down with Shark Tank's Kevin O'Leary to chat crypto and investing — and Mr. Wonderful explained why he's buying the dip in #BTC & #ETH.
Here's my convo with @kevinolearytv, hot off the press for @BusinessInsider:

(@ABCSharkTank, @MktsInsider)
markets.businessinsider.com/news/currencie…

2/ In an exclusive interview, Kevin O'Leary broke down how he's approaching the crypto bear market, and why he is sweating the downturn. (@MktsInsider)

markets.businessinsider.com/news/currencie…

3/ If anything, @kevinolearytv thinks the crypto bear market will end up propping up the whole crypto sector in the long run because it will teach investors what works and what doesn't. (@MktsInsider)

markets.businessinsider.com/news/currencie…

4/ The venture capitalist explained that he's been doubling down on tokens, including bitcoin and ether, as well as various Web3 projects even though he acknowledges that not every investment will be a winning bet.

(@MktsInsider, @FinanceInsider)

markets.businessinsider.com/news/currencie…

5/ "I'm not selling anything," @kevinolearytv said. "Long term you just have to stomach it. You have to understand you'll get volatility, and that some projects aren't going to work." (@MktsInsider)

markets.businessinsider.com/news/currencie…

6/ He currently holds 32 positions in the digital asset space, including @solana and blockchain firm Polygon. Meanwhile, the O'Leary-backed @WonderFi just became the first crypto-trading platform to be featured on the Toronto Stock Exchange.

betakit.com/wonderfi-to-be…

7/ As the crypto bear market has slammed valuations, digital assets now make up 16% of his portfolio holdings, down from 20% six months ago, @kevinolearytv said. (@MktsInsider)

markets.businessinsider.com/news/currencie…

8/ O'Leary noted that recent crypto collapses, such as that Terra and Luna, are events that teach investors caution, and can actually help further the technology underpinning digital assets. (@MktsInsider)
markets.businessinsider.com/news/currencie…

9/"Luna raised 30-plus billion [dollars]," he said. "No one's going to use their idea again. [The collapse] educated everybody that this isn't the way to build a stablecoin. It's important for the education and the maturation of the market."
(@MktsInsider)
markets.businessinsider.com/news/currencie…

10/ Ultimately, the veteran investor isn't just betting on crypto or the blockchain, but the human resources that he sees piling into the sector.
markets.businessinsider.com/news/currencie…

11/ "The smartest people want to work on the [block]chain. So you've got the majority of the best intellectual capital in the world solving poor outcomes on the chain — why wouldn't you expect that to work?" (@kevinolearytv)
markets.businessinsider.com/news/currencie…

12/ For more, you can read my previous interview with @kevinolearytv from April:

markets.businessinsider.com/news/currencie…