Kevin O’Leary: “cryptocurrencies make up 10% of my investment portfolio”

Kevin O’Leary, an American entrepreneur and star of the Shark Tank show, said that cryptocurrencies now account for 10% of his investment portfolio.

During an online discussion with users of the r / CryptoCurrency website on the popular Reddit forum, Kevin O’Leary said that he did not plan to increase the share of cryptocurrencies in his portfolio to 10%:

“At the beginning of the year, digital assets occupied 3% of my portfolio, and I was going to increase this share to 7% by the end of the year. However, the rise in the rate of cryptocurrencies has led to the fact that now the share reaches almost 10%. Many people think that bitcoin is already outdated, it is necessary to invest in ether. But I disagree. There are many alternatives like Solana. If you are an investor like me, diversification will be most important to you. ”

Recall that previously, O’Leary was a cryptocurrency skeptic, called Bitcoin useless and opposed investment in digital assets. However, over time, he changed his attitude towards the industry:

“I just couldn’t come to terms with cryptocurrencies. On the air on CNBC, I called Bitcoin garbage. Let me explain. I actually bought my first bitcoin in 2017. Then the regulators were not going to recognize these assets. And there was a project tokenize a hotel in New York. Then my compliance departments put a lot of pressure on me not to touch on the topic of cryptocurrencies, since we could be the target of regulators. ”

In early October, Kevin O’Leary said that the total volume of cryptocurrencies in his investment portfolio exceeded the share of gold for the first time.