Kevin O'Leary Updates His Cryptocurrency Portfolio with HBAR, Ethereum, and Bitcoin

When asked about the crypto sectors with the most potential, Kevin mentioned that he likes utility on the blockchain, citing HBAR as an example.

Shark Tank investor Kevin O'Leary, also known as "Mr. Wonderful," spoke with Cointelegraph on March 20, 2025, about the current state and future of cryptocurrency.

As they discussed the crypto sectors that have the most potential, Kevin mentioned that he likes utility on the blockchain, providing HBAR as an example.

“Large corporations are beginning to use it, but it is also volatile, which is a factor. I have HBAR, ETH, and BTC, but I don't know which ones will do well. People can capture most of the market's volatility by investing in one position coin. Diversify by investing in different functions and utilities.”

Kevin predicted that as regulations are established, people will begin experimenting with cryptocurrency, utilizing wallets and exchanges for their convenience.

“Another way to invest in crypto is by purchasing shares in public exchanges, which are wholly engaged in the crypto ecosystem. Given the fluidity of the market, this provides a less risky avenue for participation.”

Kevin O'Leary predicts Bitcoin price in 2025

Kevin O'Leary expressed optimism that Bitcoin would close 2025 higher than it started, depending on two key events: the passage of the Stable Coin Act and the consideration of the Infrastructure Act by Congress. He believed these developments would create positive pressure, prompting institutions to develop their cryptocurrency strategies.

“I think Bitcoin will be higher at the end of the year than it is today, depending on two key events: the passage of the Stable Coin Act and the consideration of the Infrastructure Act by Congress. These developments will create positive pressure, and we'll see institutions continue to develop their crypto strategies.”

The Shark Tank judge highlighted the significance of the Stable Coin Act, which would establish a policy for using a digital payment system globally, based on the US dollar.

“This makes sense since commodities worldwide are priced in US dollars. As a result, my businesses would likely adopt this system, particularly USCC, given my trust in Circle's audit and the stability of USDC.”

He also underscored the significance of the Market Infrastructure Act for crypto, which would have a substantial impact.

Kevin O'Leary didn't voice concerns that the GENIUS Act would grant excessive power to major tech companies like Amazon or Google, allowing them to issue their own stablecoins. He believed regulators would likely impose restrictions, as they are essentially digitizing the US dollar, which has been successfully used for over 200 years.

“I'm not worried that the act would enable large tech companies to become dominant players in the stablecoin market. Regulators would undoubtedly place limitations, and we've seen this throughout history. The US dollar has been a model of stability for over 200 years, and we're simply digitizing it, which wouldn't pose a threat.”

The GENIUS Act aims to establish a clear regulatory framework for payment stablecoins, defining them as digital assets tied to a fixed monetary value. The bill introduces licensing requirements, placing smaller issuers under state supervision and larger ones, such as those issuing stablecoins linked to the US dollar, under federal regulation.

O'Leary stressed the importance of having a digital currency that can be trusted, is globally accepted, and is transparent. He supported private companies developing stablecoins under the act, with various options available for consumers. O'Leary revealed that he personally preferred USDC, which he had been using for years.

When questioned, Kevin O'Leary disagreed with Mike McGlone's "bearish" outlook on the macroeconomic landscape and Bitcoin. McGlone forecasted a 60% drop in Bitcoin and a 30-40% increase in gold by 2025. O'Leary remarked that market corrections are both normal and healthy. He expected a rebound in the equity markets and more acceleration as tariffs are negotiated.

O'Leary mentioned that predicting prices in the crypto markets has been challenging and often unreliable. Instead, he emphasized diversifying his risk by allocating 19% of his portfolio to crypto holdings, including a 5% weighting in Bitcoin and another 5% in gold. He took a long-term approach, holding onto his Bitcoin even with forecasts suggesting a decline.

Kevin O'Leary can be seen in the 16th season of Shark Tank on ABC.