In a CNBC interview, the Shark Tank panelist discloses that he has grown “fascinated” by cryptocurrencies.
“I have started to think about how do I invest in the infrastructure of mining Bitcoin.”
The Shark Tank star confesses that the volatility of cryptocurrencies remains a problem but is hopeful that institutional investors have the stomach for wild swings.
“The volatility sickens me, but I’m getting used to it… Most people that are willing to hold them, including institutions over the last 90 days, are willing to deal with the volatility.”
“Given the volatility of #cryptocurrencies the main decision you have [to] make after you decide to participate in the first place is what % of your portfolio do you allocate. For me 5% is the maximum!”
“#Canadian #Swiss and many other regulators have done a 180% on $BTC This is a game changer for many investors including me.”
Last month, Canada’s Ontario Securities Commission approved a Bitcoin exchange-traded fund (ETF). In Switzerland, a law allowing the tokenization of securities while giving them legal protections that are similar to traditional assets went into effect on February 1st.
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