Billionaire investor Kevin O’Leary said that his crypto holdings comprise about 10% of the total value of the portfolio. In a recent interview, he stated that “Having been in business for 40 years and made a lot of money, I can tell you unequivocally it’s going to be worth 100 times more than what we have in our portfolios today.”
Kevin O’Leary is a highly successful businessman and investor. He was the star of ABC’s Shark Tank show, and he says that his crypto holdings comprise 10% of this portfolio.
Shark Tank star Kevin O’Leary highlighted how cryptocurrencies now account for 10% of his investment portfolio in a live broadcast with Reddit’s r/CryptoCurrency Talk on Thursday:
I started the year with a 3 percent weighting, with the goal of increasing to 7% by the end of the year. However, since so many of the items I own have increased in value, we’re now nearly at 10%. Some believe the game is done and Ethereum is the winner, but I disagree. There are plenty of different options, whether it’s Solana or something else entirely. If you’re an investor like me, you want to diversify your portfolio. That is the secret to success.
O’Leary was a cryptocurrency skeptic in the past, branding Bitcoin (BTC) “trash” in a CNBC interview two years ago. Kevin made the following comment while explaining his change in stance on cryptocurrencies:
“I’ll never get over the fact that I appeared on CNBC and labeled [Bitcoin] rubbish. So, please allow me to clarify my viewpoint at the moment. In 2017, I purchased my first Bitcoin. At the time, the regulator was not a fan of cryptocurrencies, tokens, or any other kind of digital monetization. There was a token being considered at the moment to make a hotel in New York public via tokenization. Now, I’m engaged with a number of financial services firms; I’m an investor in them, and I utilize their products, and they’re all in compliance with the regulator. As a result, my own compliance teams placed a lot of pressure on me to stay away from crypto because they were worried that we’d become a lightning rod.”
Since then, O’leary has actively embraced cryptocurrencies, becoming the spokesman for cryptocurrency exchange FTX in August and touting Ethereum (ETH) as a deflationary asset on the horizon. The Shark Tank star’s crypto holdings eclipsed his gold holdings last month.
For the first time in history, my crypto exposure exceeds that of gold. @WonderFi @ImmutableHold @BenSamaroo @jordanfried @DanielaCambone https://t.co/Afhz59Fljv
Mr. Wonderful Kevin O’Leary (@kevinolearytv) October 2, 2021
Kevin O’Leary is a Canadian businessperson, investor, and entrepreneur. He was the “Shark Tank” star of season five. His net worth is estimated at $2.6 billion as of December 2018. Reference: kevin o’leary net worth 2021.
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