Shark Tank's Kevin O'Leary Reveals His Crypto Allocation

Kevin O'Leary and Cryptocurrency
Is Kevin O'Leary right about cryptocurrency? This article takes a look at the controversial financial analyst's views on crypto and whether or not he supports regulation. Is O'Leary right to back regulation, or is he wrong to see it as a nascent industry that still needs regulating? It's hard to say, but it's certainly worth considering.

Kevin O'Leary is a cryptocurrency investor
"Shark Tank" star and cryptocurrency investor Kevin O'Leary is a crypto evangelist and paid spokesperson for FTX. In this interview, he discusses the financial decisions he's made and the regulatory landscape surrounding cryptocurrency. In addition, he offers some interesting thoughts about how to weight bitcoin versus ether, the two most commonly traded coins. You should definitely watch this video if you're considering investing in cryptocurrency.

He believes it's digital gold
Many people have heard of Bitcoin and have wondered if they should invest in it. But as Bitcoin prices surged this week, the former CEO of Kitco, Kevin O'Leary, reversed his position and now believes cryptocurrency is digital gold. O'Leary has also expressed respect for the technology behind Bitcoin and Ethereum. Both currencies are regulated in the U.S., and O'Leary says regulation is inevitable in the cryptocurrency space.

He backs regulation
President Biden is supporting the new executive order to regulate cryptocurrency. It's the first whole-government approach to cryptocurrency regulation, and it focuses on six key areas: consumer protection, financial stability, financial inclusion, and responsible innovation. While the order isn't legally binding, it is a welcome step in the right direction. Many people are skeptical of cryptocurrency, but Biden's support for the industry is welcome news.

He sees it as a nascent industry
The "Shark Tank" investor and crypto enthusiast has jumped into the crypto space with a vested interest, and has become a FTX paid endorser and spokesperson. O'Leary has been following the cryptocurrency industry closely for the past 24 months. He's also made a number of public statements regarding NFTs and the regulatory landscape surrounding crypto. He even addresses the issue of financial institutions not investing in crypto directly.

He has invested in a bitcoin mining facility
Former CNBC CEO Kevin O'Leary has expressed his interest in Bitcoin mining. He's considering investing in several bitcoin mining facilities around the world. In a video interview, O'Leary explains the process in seven minutes. He also explained how the process of mining works, including what he looks for in an operating environment. O'Leary has also argued for regulations of cryptocurrencies.