Shark Tank star, Kevin O’Leary, also known as Mr. Awesome, started investing in Bitcoin. After previously dealing with wasteful cryptocurrencies, he has now changed his mind and thinks cryptocurrencies are here to stay. He is also getting used to Bitcoin’s volatility and believes that institutional investors are willing to tolerate price fluctuations.

Kevin O’Leary is now a creditor of Bitcoin

Canadian investor and radio presenter Kevin O’Leary has revised his opinion on Bitcoin. He used to call cryptocurrents garbage and a giant burger nothing, but now he’s invested in Bitcoin and thinks it’s no longer a fad.

I really think digital coins are here to stay, he said in an interview with CNBC last week. Most people who are willing to hold on to them, including the settings of the last 90 days, are willing to deal with instability. O’Leary developed:

I’m intrigued. I’m investing. I have a 3% weighting between ether and bitcoin. Volatility makes me sick, but I’m getting used to it.

And finally, I’m starting to think about how to invest in bitcoin extraction infrastructure, Wonderfield said.

On Bitcoin’s volatility, Mr O’Leary said the following: Given the volatility of cryptocurrencies, the most important decision you need to make once you have decided to participate in the first stage is the percentage of your portfolio you want to invest. For me, 5% is the maximum.

Morgan Creek Digital partner Anthony Pompliano, who spent years trying to convince O’Leary to invest in BTC, reacted to the announcement of a 5% allocation to Shark Tank Star. You told me not to have 50% and you called everything crap, but now you think 5% is acceptable. At the end of the day, you’re 50% you.

O’Leary replied: It’s true, I change when the facts change. He pointed out:

Canadian, Swiss and many other regulators scored 180% on the BTC. This is a game-changer for many investors, including myself.

O’Leary has always feared that regulators would go after Bitcoin. In December, he warned that adults would cry if this happened. You will not see such a loss of capital in your lifetime. That would be cruel. However, he stated that if the Bitcoin ETF is approved, he is willing to invest 5% of his portfolio in it. The Canadian Securities Regulatory Authority recently approved two Bitcoin ETFs.

Do you think Kevin O’Leary will continue to put more money into Bitcoin? Let us know in the comment section below.

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