Businessman Kevin O'Leary, who appears on the reality TV testify Shark Tank and one time called Bitcoin a "giant nothing burger," has at present joined the light amplification by stimulated emission of radiation eye community.

In a tweet yesterday, O'Leary said he would be allocating 3% of his portfolio to Bitcoin (BTC) and looking into investing in sustainable crypto mining. He said his investment in the latter would be aimed to avoid "claret coins" — a reference to unethically mined diamonds — and "nether a mandate of 0 carbon." Both O'Leary's Instagram and Twitter profile pictures at present show the Shark Tank star with the laser optics associated with those keen on crypto.

O'Leary'due south changeabout on BTC seems to take been at least partially influenced by Dan Loeb, CEO of New York-based asset management firm Third Betoken and a well-known figure on Wall Street. Yesterday, Loeb said he would be "doing a deep dive into crypto" and look into ways to bridge the gap between traditional finance and digital assets.

"Every operating visitor I'k an investor in is having their Daniel Loeb 'moment' regarding putting Bitcoin on their balance sail," said O'Leary. "Changes in the regulatory surround have changed my mind about participating."

Loeb'south potential inclusion in the crypto space as a Wall Street effigy had some speculating he could pave the mode for other major investors still hesitant about the technology and what it ways for traditional finance. For an investor like O'Leary, with an estimated net worth of more than $400 1000000, this could be particularly profitable.

The Shark Tank star has said he already owned some BTC and would consider investing more, merely he did not seem particularly bullish on crypto equally recently every bit January. He previously referred to digital assets every bit "crypto crap" and specifically chosen Bitcoin "not a existent currency" and a "giant null burger" in terms of its value as an asset.