Kevin O’Leary reveals his Portfolio Crypto allocation, Compared BTC with Giant Corporations

• Kevin O’Leary aka Mr. Wonderful, is one of the most prominent personalities in favor of the crypto industry and recently disclosed his portfolio shares.

• Apart from Bitcoin, The Shark Tank also sees potential in Ethereum, Solana, and Avalanche.

• He believes investing in Bitcoin is like investing in Big tech companies like Microsoft, Google, etc. 

Kevin O’Leary, aka Mr. Wonderful, was among some significant critics of the crypto industry back in 2019. And ironically, now, he highlights investing in Bitcoin is like investing in giant corporations like Microsoft and Google. He said he has allocated millions of dollars in crypto. 

He started to see potential in the asset class in early 2021, highlighting that he is not against Bitcoin (BTC) and even said he respects the asset. And following this, he started with a 3% portfolio allocation to BTC. 

Recently in an interview, the Canadian businessman disclosed his portfolio share of crypto, saying he has millions of dollars in crypto and that 20% of his portfolio is in cryptocurrencies and blockchain. 

Further talking about the crowned cryptocurrency, he says that investing in it is like purchasing shares of major tech giants like Microsoft, Google, etc. And apart from BTC, he admired holding Ethereum (ETH), Solana (SOL), and Avalanche (AVAX). He also sees potential in the currently popular concept of Non-Fungible Tokens (NFTs).

He said you have to be diversified; he holds 32 varied positions, including equity and FTX itself. And that you don’t know who’s going to win, is it Ethereum, Solana, or Avalanche. He owns them all. 

Talking about NFTs earlier this year, he highlights that folks will see a lot of movement in terms of doing authentication and insurance policies and real estate transfers online over the next few years. And this will make NFTs a much bigger and more fluid market potentially than just Bitcoin alone. 

In contrast, it seems like Dogecoin is not the one coin that has Mr.Wonderful in its favor. Last summer, he signified that investing in the meme section of cryptocurrencies is the same as betting your money in red or black in a casino. Specifically talking about Dogecoin, he said it has no inherent value and should be classified as pure speculation. 

It’s ironic to see that, on the one hand, Mr.Wonderful is not very much inclined towards Dogecoin. And then there’s Tesla and SpaceX CEO Elon Musk, who is very much in favor of DOGE and has considerably contributed to the coin’s performance. 

He is a Canadian businessman, author, politician, entrepreneur, and television presenter. Kevin O’Leary is one of the big crypto supporters. The Shark Tank often expresses his views on the crypto industry via his Twitter account. He recently disclosed that a group of U.S. lawmakers are working on a policy that focuses on opening crypto markets to institutional investors. He also cited his expectations from Bitcoin earlier. He said that the price might appreciate dramatically in two to three years when institutions can finally buy Bitcoin. 

Nancy J. Allen is a crypto enthusiast and believes that cryptocurrencies inspire people to be their own banks and step aside from traditional monetary exchange systems. She is also intrigued by blockchain technology and its functioning.

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