‘Shark Tank’ star Kevin O’Leary changed his mind about bitcoin, saying ETFs attracted him

Kevin O’Leary once called bitcoin “junk”.

Kevin O’Leary no longer thinks bitcoin is “junk”.

The “Shark Tank” star is now planning to put 3% of his portfolio in the world’s largest cryptocurrency, saying bitcoin ETFs and concerns about inflation have prompted him to change his mind.

Canadian and other regulators that allow bitcoin exchange-traded funds is a “game changer” because it allows “institutions and individuals alike to allocate” bitcoin money more securely, O’Leary he told Stansberry Research Tuesday.

O’Leary said he plans to allocate 3% to bitcoin, in part because he sees it as a hedge against inflation. “The concern I have right now in …

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