Shark Tank’s Kevin O’Leary, also known as Mr. Wonderful, disclosed that cryptocurrencies now make up roughly 11% of his investment portfolio. He emphasized his preference for owning crypto coins directly over purchasing spot bitcoin exchange-traded funds (ETFs) due to the associated fees, stating, “I would never do that. Why would I pay the fees?” O’Leary clarified that he holds bitcoin and a selection of other cryptocurrencies.
In an interview with The Street, O’Leary, chairman of O’shares Investments and O’Leary Ventures, reiterated his stance against spot bitcoin ETFs, though acknowledging their appeal to certain investors.
Sharing his crypto investment strategy, O’Leary noted a 5% allocation to both bitcoin and gold in his portfolio, which he adjusts quarterly based on their performance. He advised treating bitcoin as one would an alternative asset like gold, suggesting a balanced approach.
O’Leary also mentioned his ownership of additional cryptocurrencies such as hedera (HBAR), solana (SOL), and polygon (MATIC), alongside investments in various technologies he deems promising.
Overall, O’Leary’s cryptocurrency holdings currently amount to approximately 11% of his portfolio. What are your thoughts on O’Leary’s aversion to spot bitcoin ETFs and his significant allocation to crypto? Share your opinions in the comments below.
