- The investor “Shark Tank” also holds Bitcoin, Ethereum and USDC in addition to many other crypto assets
- Its crypto portfolio has grown 7% this year and could be higher by the end of the year
- O’Leary says: “a certain degree of diversification is essentialy “
Kevin O’Leary aka Mr. Wonderful has increased his crypto portfolio to “nearly 10%” of his investment, with Bitcoin, Ethereum and USD Coin (USDC) making up the largest share of the exposure.
O’Leary, famous for his role as a “Shark Tank” investor, revealed this during one Reddit Talk session takes place on Thursday, 11.11.
He noted that his portfolio had “grown remarkably” over the course of 2021, a year when cryptocurrencies exploded to new highs, led by Bitcoins to prices above $ 69,000. Regarding the steady additions to its crypto holdings, O’Leary noted:
“At the beginning of the year I was weighted at 3%. The aim was to reach 7% by the end of the year. However, due to the appreciation of so many assets I have now, we are close to 10% today. “
The investor has shown that its crypto assets are diverse and that its involvement in this sector also includes investments in crypto products. He holds BTC, Ether and the stablecoin USD Coin, but that’s not all.
“Some people think it’s game over and Ethereum is, but I disagree. There are plenty of other alternatives, be it Solana or something else. If you’re an investor like me, you want diversification. That’s the key,” he said.
In his opinion, the portfolio will still grow as he tries to invest more in other cryptocurrencies, taking into account the project team, developers and the ledger.
“So we’re going to end up with a very significant inventory of crypto assets at the end of the year, and it’s not just Bitcoin,” he added.
Cryptocurrency has grown into a $ 3 trillion market, with institutional investors increasing their exposure through products like the Grayscale Bitcoin Trust and Exchange Traded Funds (ETFs).