Mr. Wonderful Plans To Put Money In Stock Mining Companies
Canadian business mogul, Mr. Wonderful, shared interest in putting money in stock mining. This plan was revealed when he joined an interview with Anthony Pompliano. In the interview, he told Pompliano about his recent trips to the Middle East to look for Bitcoin mines to invest in. He also observed that most of the investors in that region prefer to put money into sovereign mining operations.
Apart from that observation, Mr. Wonderful also predicted that in two to three years, the state-owned investment funds will be used to subsidize crypto mining. However, he did point out that these funds will only be invested in stock and crypto mining companies that use renewable energy. This is also what he intends to do with his investment plan to not cause harm to the environment. Furthermore, he noted that he will seek approval first from the related governing bodies before executing his plan.
Who is Mr. Wonderful?
Mr. Wonderful is a well-known Canadian businessman also known as Kevin O’Leary. He has appeared in many television shows in Canada but he is mostly regarded as the co-founder of SoftKey Software Products. This company he founded which is now called The Learning Company has been sold to Mattel in 1999, making him a multimillionaire.
He, later on, joined politics and participated as a member of the Conservative Party of Canada. During the 2017 Canadian elections, he became a leader of the said party and even topped the polls. However, he dropped out when he didn’t get sufficient support from his province, Quebec. Now, he is focusing his efforts on investing in cryptocurrencies and NFTs.
Investing in Cryptocurrencies and NFTs
Mr. Wonderful was not always a big fan of the cryptocurrency industry. It is well-known that he coined Bitcoin as garbage in the past. However, he had a change of heart once he further understood how crypto coins and NFTs work. He also stated that these digital coins and tokens are good assets to diversify anyone’s investment portfolio. He later disclosed that he has Ethereum as his biggest crypto investment and also has some Bitcoin, Solana, and Polygon.
However, nowadays, Mr. Wonderful is more interested in NFTs rather than cryptocurrencies. He believes that non-fungible tokens will be able to surpass Bitcoin in the coming future. His belief was solidified with the perception that NFTs are backed by real-life items such as art, memorabilia, and other collectibles. Thus, he thinks that this is a better investment compared to crypto coins.
* We hope this information will help you in your investment process, but this is not investment advice. Every investment carries risk, especially in this industry, so DYOR before making a decision.