Shark Tank star and investor Kevin O’Leary says his portfolio contains more cryptocurrency than gold for the first time.
In a new interview with Daniella Cambone on Stansberry Research, the business magnate says that while he doesn’t intend on selling all his gold right away, he sees a lot of opportunity in the crypto space far beyond mere price speculation.
“I have 5% in gold so crypto for the first time is more than gold for me, and I’m going to keep my gold. I see no reason to sell it. But in crypto, it’s not just betting on the price of Bitcoin (BTC) anymore. There are so many other ways to invest, particularly in blockchain opportunities [such as] Solana and Ethereum…
There are so many different level ones, and of course, the level twos, the derivatives that are put on top of Ethereum and Solana and all the others… I just see a lot of investment opportunity, and I’m going to be an investor in that space.”
O’Leary reveals that crypto now makes up 7% of his investment portfolio.
He also says that while the media tends to drive a wedge between Bitcoin and gold, he maintains that it’s a “good idea” to have exposure in both assets.
“Nothing is going to replace gold… [It] will remain an asset class in portfolios like mine and others as a property. You can’t stake gold. You can’t lend gold… At the same time, with crypto, you have the opportunity to stake it or lend it and get some kind of appreciation of value through interest.
So I think they’re two different asset classes… It’s fun to see the press create this controversy between gold and Bitcoin, [but] it’s irrelevant. They’re completely different. From my perspective, having exposure to both is a good idea.”
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