Live from r / CryptoCurrency Talk on Thursday from Reddit, popular Shark Tank star Kevin O’Leary revealed how cryptocurrencies now make up 10% of his investment portfolio:
“At the beginning of the year, I weighed 3%; the goal was to have 7% by the end of the year. But given the value of many assets I own now, we are at around 10% today, some think the game is over and Ethereum is, but I disagree that there are many other options, be it Solana or something else. … If you’re an investor like me, you want to diversify. This is the key. ”
A former crypto skeptic, O’Leary, called Bitcoin (BTC) “rubbish” in an interview with CNBC two years earlier. To explain the change in his view of cryptocurrency, Kevin makes the following observation:
“I could never play it down, I was on CNBC and called [bitcoin] bullshit. So let me be clear on my position at the time. I actually bought my first bitcoin in 2017. At that time, the regulator did not trade in cryptocurrencies or tokens. Tokeniser or make money in any way with digital funds.Especially at that time there was a code that meant that a hotel in New York would become public through tokenization.Now I am involved in many financial service companies, I am an investor in them, “I use their services and they meet all the requirements of the regulator. And so my compliance departments put a lot of pressure on me to give up cryptocurrency because they were very worried that we would end up being a lightning rod.”
Since then, O’Leary has publicly supported the cryptocurrency and became a spokesman for the FTX cryptocurrency exchange in August, praising Ethereum (ETH) as a deflationary asset that will soon become deflationary. The Shark Tank star’s cryptocurrency distribution volume exceeded gold last month.