Shark Tank’s Kevin O’Leary’s Portfolio Now Has More Crypto Than Gold

According to Investor Kevin O’Leary, his portfolio now has more cryptocurrency than gold for the first time ever.

In a recent interview with Daniella Cambone on Stansberry Research, the Shark Tank star shared that he is not planning to sell his gold as of yet, but according to him there are tremendous opportunities in crypto much beyond just price speculation.

“I have 5% in gold so 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. But in crypto, it’s not just betting on the price of Bitcoin (BTC) anymore. There are so many other ways to invest, particularly in blockchain opportunities [such as] Solana and Ethereum…

There are so many different level ones, and of course, the level twos, the derivatives that are put on top of Ethereum and Solana and all the others… I just see a lot of investment opportunity, and I’m going to be an investor in that space.”

Kevin O’Leary said that cryptocurrencies currently construct 7% of his investment portfolio.

Despite the media trying to stage a stand off between Bitcoin and gold, the investor argues that “having exposure to both is a good idea.”

“Nothing is going to replace gold… [It] will remain an asset class in portfolios like mine and others as a property. You can’t stake gold. You can’t lend gold… At the same time, with crypto, you have the opportunity to stake it or lend it and get some kind of appreciation of value through interest.

So I think they’re two different asset classes… It’s fun to see the press create this controversy between gold and Bitcoin, [but] it’s irrelevant. They’re completely different. From my perspective, having exposure to both is a good idea.”