Kevin O’Leary once called bitcoin “junk”.
Christopher Willard / Getty Images
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 …
Read More On Original Publisher
This Content is Original Published by @markets.businessinsider.com