Mr. Wonderful’s crypto allocation is now larger than his gold holdings – Cointelegraph

Mr. Wonderful’s crypto allocation is now larger than his gold holdings – Cointelegraph

Entrepreneur and Shark Tank star Kevin O’Leary, also known as Mr. Wonderful, has revealed he now holds more crypto than gold.

During an interview hosted by Daniela Cambone from Stansberry Research, O’Leary stated that his investment portfolio has a larger exposure to crypto than gold, however, he still advocates for holding both as they are “two different asset classes” and that comparisons between gold and Bitcoin are irrelevant:

“I have 5% in gold. Crypto for the first time is more than gold for me, and I’m going to keep my gold. I see no reason to sell it.”

“The best way to look at it, if you’re an investor, either you believe in decentralized finance and centralized finance, and you believe in Bitcoin and Ethereum and the blockchain, or you don’t. If you don’t, stay in gold as a hedge, and if you do, tip into it,” he said.

It appears that O’Leary’s crypto portfolio allocation is around the 6% mark, as he stated that he plans to reach 7% by year’s end, with investments divided among digital assets and blockchain companies:

“I’m now going to be at 7% percent hopefully by year-end, so I’m a believer in it. I’m an investor in it. I put many bets
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