Bitcoin

The “Shark Tank” star changes his mind about Bitcoin and will allocate 3% of his investment portfolio

Businessman Kevin O’Learywho appears on the reality show Shark tankAnd once called Bitcoin a “giant burger with nothing on it”, Now he has joined the “Laser Eyes” community.

In a tweet yesterday O’Leary He saidThat it would devote 3% of its portfolio to Bitcoin (BTC) and that it would try to invest in sustainable cryptocurrency miningHe said his investment would be sought in the latter Avoid the “blood coins”, a reference to unethically mined diamonds, Y. “under a carbon-0 mandate”O’Leary’s profile pictures now on Instagram and Twitter They show the Shark Tank star with the laser eyes associated with cryptocurrencies.

O’Leary’s shift in attitudes towards BTC appears to have been influenced, at least partially, to the Dan Loeb, CEO of New York-based wealth management company Third Point and a well-known personality on Wall Street. Loeb said he will “dive deep into cryptocurrencies” and look for ways to bridge the gap between traditional finance and digital assets.

The “Shark Tank” star changes his mind about Bitcoin and will allocate 3% of his investment portfolio
The “Shark Tank” star changes his mind about Bitcoin and will allocate 3% of his investment portfolio

“Every trading company in which I am an investor has its Daniel Loeb” moment “regarding the inclusion of Bitcoin on its balance sheet”,TO He saidO’Leary “Changes in the regulatory environment have changed my mind about my participation.”

Loeb’s possible inclusion in the crypto space as a Wall Street figure led to this Some speculate that this could pave the way for other large investors who are still hesitant about the technology and its implications for traditional fundingFor an investor like O’Leary, with an estimated net worth of more than $ 400 million, this could be particularly profitable.

Shark Tank Star has said it already owns some BTC and would consider investing moreOn cryptocurrencies, however, he didn’t seem particularly optimistic in January. He previously referred to digital assets as “Junk Crypto”. and particularly said that bitcoin “is not real currency” and a “huge tasteless burger” in terms of its value as an asset.

Similar Posts