Exclusive: Shark Tank’s Kevin O’Leary wants to ‘own the baseline infrastructure of crypto’

Billionaire investor Kevin O’Leary wants to be the ‘baseline infrastructure of crypto,” according to CNBC. The Shark Tank star is considering investing $30 million in a new fund by his firm O’Shares Capital Partners that would offer investors exposure to cryptocurrencies and blockchain technology-related startups.

Kevin O’Leary, the founder of “Shark Tank,” wants to “own the baseline infrastructure of crypto.” He is a co-founder of a venture capital firm called “O’Leary Funds” that invests in blockchain companies. Read more in detail here: how tall is kevin o’leary.

Kevin O’Leary, or Mr. Wonderful, the chairman of O’Shares and Beanstox and a panelist on the television show Shark Tank, explained why he decided to invest in blockchain technology.

Jordan Fried’s blockchain portfolio holding business, Immutable Holdings, had its public debut in September, and O’Leary explained why he supported it.

Bringing blockchain investment to the masses

When asked about his decision to back Fried’s company, O’Leary said, “Immutable Holdings has diversification, which I like, and ultimately the diverse nature of this company combined with the exciting growth the blockchain and digital asset space is already seeing informed my decision to invest in Immutable Holdings.” 

“Throughout this year, I’ve been increasing my position in the crypto infrastructure field. I’m not only searching for coins or tokens to invest in, but they may be lucrative. I want to own blockchain, which is crypto’s foundational infrastructure, and although owning blockchain isn’t inherently more significant than owning crypto, it does provide for a more holistic view,” O’Leary noted.

Mr. Wonderful has been upfront about his desire to increase his crypto exposure by deliberately investing in a variety of crypto goods.

For the first time in history, my crypto exposure exceeds that of gold. @WonderFi @ImmutableHold @BenSamaroo @jordanfried @DanielaCambone https://t.co/Afhz59Fljv

Mr. Wonderful Kevin O’Leary (@kevinolearytv) October 2, 2021

Increasing the efficiency of crypto exposure

“Until now, there hasn’t been a great method to get exposure to the blockchain business other than owning some of the public bitcoin mining firms or public companies like Coinbase,” said Jordan Fried, CEO of Immutable Holdings.

“We’re the first blockchain portfolio holding firm to go public, with brands like NFT.com, 1800Bitcoin, and others, and we’re democratizing blockchain investment via solutions that make digital asset trading accessible and straightforward,” Fried continued.

“Digital assets and blockchain are going to be extremely large in the next few years, and we’re getting in on the first floor of that momentum,” Fried added, emphasizing the strategic significance of holding blockchain shares. 

Owning cryptocurrencies isn’t enough. Own a piece of the blockchain. https://t.co/hXlvT5oGWr

8 October 2021 — Jordan Fried (@jordanfried)


Fried envisioned constructing a company around the ecosystem of non-fungible tokens (NFTs) by creating a new generation marketplace while getting the NFT.com domain early on.

“With some of the greatest brand names on the globe, NFT.com’s profile-based, user-friendly architecture gives additional opportunity to dig into the purchasing, selling, and speculating of NFTs,” Fried said of one of Immutable Holding’s main breakout subsidiary firms.

Mr. Wonderful believes that NFTs will inevitably find their way into the mainstream.

“The applications of NFTs are limitless and intriguing. As a watch collector, I’m obviously intrigued by their potential for identifying rare and costly timepieces. Others, on the other hand, may find NFTs more beneficial for rental leases, concert tickets, or property titles,” said O’Leary, who is bullish on NFTs. 

“We’re at an exciting stage for NFTs now that we know they can be used for more than just rare artwork, which is why what NFT.com will bring to market is simply game-changing,” he continued.

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Exclusive: Shark Tank’s Kevin O’Leary wants to ‘own the baseline infrastructure of crypto’

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