Famous Canadian investor Kevin O’Leary says that the sector he is most excited about in the crypto space is decentralized finance ( DeFi ) , which includes many important altcoin projects . O’Leary explained his thoughts in a recent interview with Anthony Pompliano.
The famous billionaire talked about DeFi, where many altcoin projects are involved
O’Leary, a regular on ABC’s hit show Shark Tank, told Pompliano, “The thing that interests me the most right now is DeFi. I think the trend is in that direction, and I’ll tell you why. Now I have a large amount of affiliated capital, 3 percent staying in active companies, a lot of capital. It does not offer a decent return. I said to my men, ‘Let’s get into the DeFi field a little bit and get some of the assets. Let’s wrap it on the Ethereum chain and earn some interest. Let’s start looking for different ways to lend our assets,'” he said. The famous name said he went deep into DeFi. He explained that his research prompted him to invest in a firm specializing in services that would improve the entire industry:
It’s crazy complicated, but there must be millions of people who have some money and want to make 4-5-6%. I said to my crypto team, “Why don’t you find me a company, a team I can invest in and do DeFi in a commercialized way.”
Following that, O’Leary said he spearheaded a $20 million funding round for Canadian-based firm DeFi Ventures. The famous investor also announced that he plans to change the name of the firm to “WunderFi”. O’Leary said, “I think it’s going to be a great company. We haven’t even made an announcement yet. It’s called DeFi Ventures. However, I will change its name to WunderFi,” he said. O’Leary bought Bitcoin (BTC), Ethereum (ETH), XRP, Litecoin (LTC), Bitcoin Cash (BCH) and Stellar Lumens (XLM) in February; however, he said that he admired Bitcoin, not altcoins.