Shark Tank star Kevin O’Leary says his crypto holdings now make up 10% of his portfolio thanks to the appreciation of those assets

Shark Tank star Kevin O’Leary says his crypto holdings now make up 10% of his portfolio thanks to the appreciation of those assets

"Shark Tank" star Kevin O'Leary's cryptocurrency holdings now make up 10% of his portfolio, he said on a Reddit Talk Thursday. Once a , now a vocal supporter of the sector, O'Leary said he has bought , and USD coin, a stablecoin pegged to the dollar. But he declined to share all of his holdings in the online discussion about his investment strategy. His portfolio has grown "remarkably," he said, but put this down to the appreciation in value of the cryptocurrencies he owns, rather than an increase in his exposure. "At the beginning of the year, I was at 3% weighting," he said. "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." "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 said. Bitcoin has notched new all-time highs in recent weeks, thanks to enthusiasm for the launch of related ETFs from (BITO) and (BTF), and for the upcoming "taproot" upgrade to its network. Meanwhile, ether - the native token for the ethereum network -