In a live recording with Reddit'south r/CryptoCurrency Talk Thursday, Shark Tank celebrity Kevin O'Leary discussed how cryptocurrencies now make up 10% of his investment portfolio:

"At the beginning of the year, I was at three% weighting; the target was to get 7% by year-end. Yet, considering of the appreciation of so many of the assets I have now, we're almost at ten% today. Some people think the game is over, and Ethereum is it, just I don't concur. There are many other alternatives, whether it be Solana or anything else. If yous're an investor similar I am, you lot want diversification. That's the key."

O'Leary was previously a cryptocurrency skeptic, calling Bitcoin (BTC) "garbage" in an interview with CNBC two years prior. In explaining the shift in his outlook of cryptocurrencies, Kevin gave the following remark:

"I've never been able to live that down, I was on CNBC, and I chosen it [Bitcoin] garbage. And so, allow me explain my position at that fourth dimension. I actually bought my starting time Bitcoin in 2022. At that time, the regulator was not onboard with cryptocurrencies or tokens or monetization in any fashion through digital vehicles. Especially at the time, there was a token existence contemplated to have a hotel in New York public through tokenization. Now, I'yard involved in many companies that are in financial services, I'm an investor in them, I use their services, and they are all complying with the regulator. And so, my ain compliance departments put extreme pressure level on me to back off crypto because they were very concerned that nosotros'd end up being a lightning rod."

Since then, O'leary has publicly embraced cryptocurrencies, condign cryptocurrency exchange FTX's spokesperson in August, and praising Ethereum (ETH) as a soon-to-be deflationary asset. Last calendar month, the Shark Tank star'due south crypto allocation surpassed that of his gold holdings.