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 their share to 7% by the end of the year. However, the growth 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 Many people think that Bitcoin is already outdated, it is necessary to invest in Ethereum. But I disagree. There are many alternatives like Solana. If you are an investor like me, diversification will be most important to you,"he said.
Recall that earlier O'Leary was a cryptocurrency skeptic, called Bitcoin useless and opposed investments in digital assets. However, over time, he changed his attitude towards the industry.
"I just could not 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,"stressed Kevin O'Leary.
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.