Canadian businessman Kevin O’Leary, who seems on the truth TV present Shark Tank, has seemingly softened his stance on Bitcoin after talking with Anthony ‘Pomp’ Pompliano.
In an episode of the Pomp Podcast launched right now, Shark Tank’s Kevin O’Leary seemed to be transferring previous his statements final yr when he declared that Bitcoin (BTC) was “not a real currency” — although he nonetheless expressed considerations in regards to the crypto asset’s volatility.
The businessman mentioned that he already owned some BTC and he may think about investing “a little bit more” of his $400 million internet worth within the cryptocurrency.
“I’m not in opposition to Bitcoin, I am not in opposition to it,” mentioned O’Leary. “But when you’re talking about putting millions of dollars to work you really want to understand that you can think long term about it and I have a feeling there’ll be other alternative ideas.”
O’Leary mentioned his foremost concern over investing wherever from 1% to 2.5% of his portfolio — half what he holds in gold — into Bitcoin is the crypto asset doesn’t have the backing of regulators but:
“Maybe I’ll put a little bit more [into Bitcoin] just for the heck of it. I have a little bit just so I can watch the price but it bothers me when I can’t get the regulator on board.”
Nevertheless, if governments have been to get behind digital belongings, the businessman mentioned he would think about placing a bigger proportion of his portfolio into crypto. “The globe needs a digital currency,” he mentioned.
“If you told me the Swiss and the Euro and the American and the Canadian, Australian governments agreed to whatever that is, I would put up to 20% of my portfolio in it.”
The Shark Tank star’s feedback seemingly present a better acceptance of crypto belongings given what he mentioned final yr. In a 2019 CNBC interview, O’Leary referred to crypto as a “rogue currency” as a result of one couldn’t pay taxes utilizing it and was largely unregulated:
“I have no interest in doing any of this crypto crap because it is not compliant.”