In a recent interview with CNBC, Canadian investor Kevin O’Leary revealed that he owns 20% of his portfolio in “crypto and blockchain” when co-host Joe Kernen Ask about his exposure to the field.
Kevin O’Leary owns millions of dollars worth of crypto
The 67-year-old businessman claims that his crypto vault is worth “millions of dollars.” In November, O’Leary said that his crypto exposure is 10%. “Mr. Wonderful” has an estimated net worth of $400 million.
O’Leary initially dismissed cryptocurrencies. In May 2019, he went as far as to call Bitcoin “junk,” arguing that the original cryptocurrency was worthless.
The Canadian businessman initially dipped his toe into crypto at the height of the previous bull run by buying $100 worth of different coins. His entry into the space coincided with the arrival of a brutal crypto winter, which left a sour taste in the businessman’s mouth. Some students in a class challenged him he taught at Harvard University.
In late 2020, O’Leary became interested in Bitcoin after being told by crypto influencer Anthony Pompliano to buy some. Around that time, he concluded that it was the only cryptocurrency that worked.
In 2021, he moved beyond Bitcoin and started investing heavily in the decentralized finance space.
O’Leary is also interested in NFTs tokens. In an interview with Forbes, he predicted that they could eventually become more significant than the largest cryptocurrencies as they cover many use cases, such as inventory management and identification. This businessman also owns Bitcoin, Ether, Solana, and other coins.
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