Kevin O'Leary: Fighting Inflation With Cryptocurrency

Kevin O’Leary (Mr. Wonderful) discusses how he beats inflation by investing in crypto. Kevin also explains his newest venture, WonderFi, and what makes WonderFi stand out from the competition. O’Leary is no stranger to the spotlight, from being a diligent investor on ABC’s Shark Tank to his countless news spots discussing personal finance and investing.

This interview was part of a larger discussion and can be found on our premium service, Backstage, at www.fool.com

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7 Comments

  1. Hold up. WonderFi buys crypto and based on past history makes a killing or if coin flops, goes bankrupt. If the service succeeds, customers walk away with 4% yearly return. If the coin flops and company goes bankrupt, people lose all their money. On top of that they are publicly traded, so investing in them is risky. Why would The Montley Fool promote this? Or am I missing something?

  2. <There's no doubt in my mind that we are not only going bull, but BTC is going nuclear. A lot of people are wondering if now is a good time to buy because of where the price is at right now. I'd say it's outrightly wrong to just sit back hodl and wait maybe incur some losses along the line, that's a wrong mindset for an investor because as an investor finding ways to always increase and stack up more coins thereby making profiTs should be the way of life That being said, the market is still all about BTC at the moment and I'll advise current investors and newbies to take advantage of Mr. Leon Calvin program. A pro trader who runs a training program for investors/ newbies who lack understanding on how trading Bitcoin works, to help them recover loss from the crash and also accumulate more bitcoin, with his program i went from having 3.8BTC to 12.8BTC in just 5 weeks,<You can reach him on TE LE GRAM >>> @LeonCalvintrade.

  3. Ok, here’s what I don’t get. So you’re earning roughly 5% on your usdc. Who’s on the other side? Who’s the borrower(s). U.S. high yield bonds are currently yielding 4.39% and I’m guessing they’re over a 4 year average duration. So if you’re able to get 5% with nowhere near a 4 year hold, or a fluctuation in principal, then I’ve got to wonder what quality of borrower are you lending to? Who on earth would borrow at those rates when they could get a much lower rate? The only thing I can fathom is that the borrowers are a pool of retail investors borrowing crypto on margin, and you are the lender. Ok, so what happens when they all get a margin call at the same time? How are you protected? Even Bitcoin can drop 10% or more in 2 seconds, so it seems to me there are no circuit breaker rules to slow down the automated margin call selling. What am I not understanding here?

  4. Investing in cryptocurrency is the best way to succeed ♥♥ , investing remains a priority. In the stock market, there are many opportunities to get decent payouts, with the necessary skills and a proper understanding of the market from the expert Mrs. Carlos Shirley, investing was easy for me.

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