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Canadian businessman Kevin O’Leary, who appears on the reality show Shark Tank, has apparently softened his stance on Bitcoin after speaking with Anthony ‘Pomp’ Pompliano.
In an episode of the Pomp Podcast released today, Shark Tank’s Kevin O’Leary seemed to have outgrown his statements last year when he stated that Bitcoin (BTC) “was not a real currency,” although he still expressed concern over the cryptocurrency. volatility.
The businessman said he already owns some BTC and may consider investing “a little more” of his $ 400 million net worth in cryptocurrency.
“I’m not against Bitcoin, I’m not against,” O’Leary said. “But when you talk about putting millions of dollars into work, you really want to understand that you can think about it long-term and I have a feeling there will be other alternative ideas.”
O’Leary said his main concern about investing 1% to 2.5% of his portfolio – half of what he holds in gold – in Bitcoin is that the crypto asset does not yet have the backing of regulators:
“Maybe I’ll wear a little longer [into Bitcoin] Just for fun. I have some just to be able to look at the price, but it bothers me when I can’t bring the regulator on board. “
However, if governments were to accept digital assets, the businessman said he would consider investing a larger percentage of his portfolio in cryptocurrencies. “The globe needs a digital currency,” he said.
“If you told me that the Swiss and Euro and American and Canadian, Australian governments accepted whatever it is, I would put up to 20% of my portfolio.”
Comments from the Shark Tank star apparently show greater acceptance of crypto assets given what she said last year. In a 2019 CNBC interview, O’Leary referred to cryptocurrency as a “rogue currency” because you couldn’t pay taxes using it and it was largely unregulated:
“I have no interest in making any of these cryptocurrencies because it is not compliant.”
