Shark Tank star Kevin O’Leary, also known as Mr. Wonderful, has some suggestions on how to enter Bitcoin or other cryptocurrencies. “This is a wonderful universe. This is an amazing asset. If you are an investor, this is a must have,” O’Leary said. He also revealed that his cryptocurrency exposure has increased to about 10%.

Kevin O’Leary’s advice for new cryptocurrency investors

In an interview with Bitcoin Magazine, Shark Tank star and O’Shares ETF Chairman Kevin O’Leary provided some advice for new investors who want to enter the Bitcoin or crypto space for the first time. Publish Earlier this month.

O’Leary was asked, “Do you have any advice for those who are curious about Bitcoin or who have just entered the field?” He replied:

I really recommend that they explore this asset, and the way to do this is to start small and start to understand the platform. Will you buy through a centralized wallet? Are you going to be decentralized? Try all options and learn from experience.

He added: “The thing about Bitcoin is that you need to learn how to use it… There are many different ways to deal with it. There are many ways to own it.”

The Shark Tank star subsequently shared, “His 25-year-old son now has complete control over all the ways to own Bitcoin-all the ways to trade, all the ways to own it, all the ways to bet. He is the next generation. He does it himself. He has never been to a bank branch. He never enters a bank, I don’t know why he wants to enter a bank.”

O’Leary continued: “Gen Z and millennials, and now baby boomers, are learning. They make mistakes. I know people lose their coins, but they lose them on a very small basis. And they won’t make that mistake again. They created a sense of how to do it.”

He emphasized:

This is a wonderful universe. This is an amazing asset. If you are an investor, this is a must-have, and then it’s about how you do it. But all of this has to do with education.

O’Leary pointed out that the good news is that there is a “community that provides a lot of online resources. You only need to spend three or four hours, and you will…very well understand what Bitcoin is, how it works, and how to own it.” “

At the Reddit Talk conference on Thursday, he explained that his cryptocurrency includes many cryptocurrencies and companies and products in the field, such as companies that build decentralized wallets. “Therefore, we will hold very important crypto assets at the end of the year, not just Bitcoin,” he shared.

Although the Shark Tank star did not disclose all his crypto assets, he confirmed that he owns Bitcoin, Ether, and U.S. dollar coins. He admitted that he owns “a lot of Ethereum.” He bought his first coin in 2017.

Mr. Wonder revealed:

I have increased my portfolio significantly. At the beginning of the year, my weight was 3%. The goal is to reach 7% by the end of the year. However, due to the appreciation of so many assets I own now, we have almost reached 10% today.

In early October, he said that his cryptocurrency exposure was More than gold first.In September, he said he expect “Trillions of dollars” inflows Bitcoin.

Last month, Bitcoin.com News reported his co-star in Shark Tank Mark CubanThe owner of the NBA team Dallas Mavericks, at the time he offered some advice to new cryptocurrency investors.

What do you think of Kevin O’Leary’s advice on how to enter the Bitcoin and crypto space? Let us know in the comments section below.

Image Source: Shutterstock, Pixabay, Wikimedia Commons