So Kevin O’Leary chose Solana (SOL), Polygon (MATIC) and Hedera (HBAR) because of the enormous potential.
Shark Tank billionaire TV star Kevin O’Leary sees several top altcoins with upside potential as the blockchain world expands and evolves.
Shark Tank star Kevin O’Leary
in a meeting interview With Anthony Pompliano on The Best Business Show, O’Leary said that cryptocurrencies should be viewed as functional “software” and not just alternative forms of money.
When it comes to which blockchain projects to pursue, O’Leary said he will be looking at the same team and vision as traditional software companies. As a practical example of this strategy, he cites Polygon’s approach to layer 2 solutions (MATIC).
“I’ve done that before. I invested in software engineers at Learning Company twenty-two years ago when we were developing educational software.
The way I did it then, I do it now…
If I want to invest in Polygon, I want to meet the engineering team like I did in Dubai. I met the team, listened to the vision of what they were doing, looked at the commercial reality of the result, its potential.
The first thing is the team, I consider whether they are smart people, good engineers, a good strategy, a good team – then I take care of it.
O’Leary says that in addition to studying the team, he also wants to see the potential for positive economic impact.
“This is the second exam. What economic value do they create?
In the case of Polygon, collecting transactions to reduce gas fees on Ethereum is a smart idea.
They have economic reasons for doing so. You save money. Less transaction fees. I think the potential for that is huge.”
The billionaire went on to mention the Hedera (HBAR) enterprise public network, which is designed for security and regulatory compliance.
“Great team, great engineers. What economic premise will help it continue to grow?
Hedera wanted a semi-centralized/decentralized platform, they wanted the best of both worlds.
HBAR can offer that, keep an eye on it.”
Finally, O’Leary describes the Solana Smart Contract Platform (SOL) as a project looking for unique solutions.
“They are trying to solve the problem in other ways to speed things up.
What is the focus. Who does it? The head of the FTX exchange, Sam Bankman-Fried and his team. Why don’t you bet?”
O’Leary concluded by reiterating the importance of looking at the concept of cryptocurrencies differently.
“These are software platforms. I say to institutions, “You criticize me for investing in bitcoin? They own a large position in Microsoft and 5% in Yahoo. What is that? It’s software.
Why not do the same with bitcoin? Why don’t you go to Ethereum? Why not go to HBAR and Polygon? Why not choose serum? Why don’t you choose helium?’
With that in mind, it’s hard to say that I would only invest in publicly traded software companies. One day crypto and all these software platforms will become the 12th sector of the S&P.”
Bitcoin and Ethereum are probably the best-known cryptocurrencies. Serum (SRM) is a trusted DeFi protocol, while Helium (HNT) is an open-source public blockchain for the Internet of Things (IoT).
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So Kevin O’Leary chose Solana (SOL), Polygon (MATIC) and Hedera (HBAR) because of the enormous potential.
Shark Tank billionaire TV star Kevin O’Leary sees several top altcoins with upside potential as the blockchain world expands and evolves.
Shark Tank star Kevin O’Leary
in a meeting interview With Anthony Pompliano on The Best Business Show, O’Leary said that cryptocurrencies should be viewed as functional “software” and not just alternative forms of money.
When it comes to which blockchain projects to pursue, O’Leary said he will be looking at the same team and vision as traditional software companies. As a practical example of this strategy, he cites Polygon’s approach to layer 2 solutions (MATIC).
“I’ve done that before. I invested in software engineers at Learning Company twenty-two years ago when we were developing educational software.
The way I did it then, I do it now…
If I want to invest in Polygon, I want to meet the engineering team like I did in Dubai. I met the team, listened to the vision of what they were doing, looked at the commercial reality of the result, its potential.
The first thing is the team, I consider whether they are smart people, good engineers, a good strategy, a good team – then I take care of it.
O’Leary says that in addition to studying the team, he also wants to see the potential for positive economic impact.
“This is the second exam. What economic value do they create?
In the case of Polygon, collecting transactions to reduce gas fees on Ethereum is a smart idea.
They have economic reasons for doing so. You save money. Less transaction fees. I think the potential for that is huge.”
The billionaire went on to mention the Hedera (HBAR) enterprise public network, which is designed for security and regulatory compliance.
“Great team, great engineers. What economic premise will help it continue to grow?
Hedera wanted a semi-centralized/decentralized platform, they wanted the best of both worlds.
HBAR can offer that, keep an eye on it.”
Finally, O’Leary describes the Solana Smart Contract Platform (SOL) as a project looking for unique solutions.
“They are trying to solve the problem in other ways to speed things up.
What is the focus. Who does it? The head of the FTX exchange, Sam Bankman-Fried and his team. Why don’t you bet?”
O’Leary concluded by reiterating the importance of looking at the concept of cryptocurrencies differently.
“These are software platforms. I say to institutions, “You criticize me for investing in bitcoin? They own a large position in Microsoft and 5% in Yahoo. What is that? It’s software.
Why not do the same with bitcoin? Why don’t you go to Ethereum? Why not go to HBAR and Polygon? Why not choose serum? Why don’t you choose helium?’
With that in mind, it’s hard to say that I would only invest in publicly traded software companies. One day crypto and all these software platforms will become the 12th sector of the S&P.”
Bitcoin and Ethereum are probably the best-known cryptocurrencies. Serum (SRM) is a trusted DeFi protocol, while Helium (HNT) is an open-source public blockchain for the Internet of Things (IoT).
Join CoinCu Telegram to keep track of news: https://t.me/coincunews
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