Kevin O’Leary says his crypto holdings today are ‘almost at 10%’—here’s how he decides which to invest – CNBC

Kevin O’Leary says his crypto holdings today are ‘almost at 10%’—here’s how he decides which to invest – CNBC

During a Reddit Talk session on Thursday, “Shark Tank” investor Kevin O’Leary said that his cryptocurrency exposure is near 10%.

“I’ve grown the portfolio remarkably,” O’Leary, chairman of O’Shares ETFs, said. “At the beginning of the year, I was at 3% weighting. The target was to get 7% by year-end. However, because of the appreciation of so many of the assets I have now, we’re almost at 10% today.”

His holdings include many digital coins, but also products in the space, such as companies building decentralized wallets, O’Leary said. “So, we’re going to end up at the end of the year with a very significant holding in crypto assets, and it’s not just bitcoin.”

O’Leary declined to disclose all of his holdings, but noted that he owns bitcoin, the largest cryptocurrency by market value; ether, the second-largest and native to the Ethereum blockchain; and USD Coin, a stablecoin among the top 10.

Though he admits he owns “a lot of Ethereum,” O’Leary does believe in some of its competitors, he said.

“Some people think the game is over and Ethereum is it, but I don’t agree. There are many other alternatives, whether it be Solana or anything else,” he said. “If you’re an investor like I am, you want diversification. That’s the key.”

In particular, when determining which cryptocurrencies to buy, O’Leary analyzes the software behind each, he said.

“I am a software investor,” O’Leary said. “I am going to put an allocation into
Source…