3 Things I learned About Crypto from Kevin O’Leary

Last month I attended a Web3 Expo where Kevin O’Leary Spoke.

I was quite interested in hearing his thoughts on Web3 and business in general at this interesting moment in time.

His talks were on the day I was leaving, so I got up extra early that day to make sure I was able to hear his thoughts on some of these issues before rushing to the airport at the latest reasonable moment lol.

Three things that he said stood out to me, and I think they’re worth sharing- so here they are- in no particular order.

1.     Crypto is the biggest wealth opportunity we will see in our lifetime.

In his keynote interview, Kevin O’Leary stated that although crypto is a new market, he believes that if you’re watching very closely, you can see that it’s here to stay and will become the 12th leg of the S&P in 10 years.

And the main reason is because crypto solves several problems.

He gave a number of examples as to how it does this, but I think that the most significant one- which by the way- no one is talking about- is trading in foreign markets.

If someone wants to make a purchase in the European stock market, they get hit with lots of currency conversion fees from banks that don’t add any value to the transaction. 

BUT- if they use USDC instead of US Dollars- the fees are zero.  And that makes a BIG difference to a lot of ppl.

And as technology makes our world smaller and smaller, having a universal currency will become more and more relevant.

2.     If you are an investor, and you think Crypto is a ponzi scheme, it’s simply because you’re inflexible.

During that same interview, Mr. O’Leary admitted that when he first heard about Crypto, he thought it was a terrible idea and it would become worthless.  However, as an investor, he watched what was happening with it, and by 2016 he saw the writing was on the wall and he jumped in the game.

He also said that the best investments are the ones that you get in very early, that are industry disruptors, that everyone says have no chance of success. i.e.- Crypto

And he feels that Bitcoin will never go to zero because there are too many ppl who believe that it will never go to zero. 

He acknowledged that most of today’s investors have never been through a market correction like this before. He said “It feels shitty, but these are the conditions that make fortunes….”.

And the main reason Crypto markets are down is because of a lack of regulation, not inflation.

3.     Women are likely to be the leaders the next bull run.

During one of his talks, a woman in the audience asked him:

Billionaire Tim Draper predicts that the next market bull run will be powered by women, do you agree?

His response:

“ I’ve done Shark Tank for 14 years and 75% of my profits have come from women. I believe this is bc Women are more flexible and better at mitigating risk.  So that very well could be the case.”

I found his answer to this question fascinating, but not surprising.  Our world, markets and economies have developed into a very complex system full of variables and nuances.  And women are generally better at recognizing and understanding variables and nuances, than men.

And if it is in fact true, that in this newer stage of human evolution women will be the leaders, this could be the explanation as to why there is a new obsession in politics with legislating women’s uteruses.

Taking away women’s rights and denying proper healthcare means less women will have successful careers and make it into leadership positions.

And to be clear- I’m not speculating a conspiracy theory here.  I actually don’t believe in the concept of conspiracies, just misguided thinking.

I sure do hope that’s not the case, because the way we’ll create a better world is by giving everyone more opportunities to succeed, not less.

If women rise into many of the high-ranking leadership positions, and it helps our world, we all win. 

Which reminds me of a quote I recently came across… 

“Power is not controlling other people. Power is controlling yourself. Trying to control other people is the first sign that you are entirely out of control.  Controlling others is what weak people think power looks like.” – Kalen Dion

I believe that Real Power is simply recognizing that you have all of the power you could ever need, inside of you, right now.

#Kevinoleary #mrwonderful #sharktank #crypto #web3 #womenrising #leaders