Kevin O'Leary, a famous investor from the American reality TV show Shark Tank, recently said that he loves Bitcoin and Ethereum very much.
In an interview with CNBC channel, Kevin O'Leary confessed that he was mesmerized by cryptocurrencies, also revealing that “I have fallen in love with cryptocurrencies, and now hold 3% of my portfolio as well Bitcoin , and Ethereum".
He talk that "Cryptocurrencies like Bitcoin will still be here to survive" And he is considering expanding investment in this area:
"I started thinking about how to invest in Bitcoin mining infrastructure."
The Shark Tank star says that the cryptocurrency's excessive volatility is still an issue but he hopes individual and institutional investors are mentally prepared for these violent fluctuations.
“Bitcoin's volatility initially surprised me, but gradually I got used to it… Most of the people who are willing to invest in Bitcoin, including institutions over the past 90 days, are ready. mentally to deal with this volatility ”
Talking about portfolio allocation, he shared:
“With the volatility of cryptocurrencies like BTC, many people are often hesitant about how much% of their portfolio they will have to allocate to this market. Personally, 5% is the maximum ”.
At the end of December last year, O'Leary described Bitcoin as a "burger" but then changed this mindset.
Now, for crypto investments like Bitcoin and Ethereum, he thinks it is necessary and should see them as long-term investments.
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