Kevin O'Leary is diversifying into rare sports cards, spending $11 million on a unique Shohei Ohtani item as a hedge against central bank currency debasement.
O'Leary compares rare cards to Bitcoin as a debasement hedge, but the article focuses on his card purchase, not a change in Bitcoin fundamentals.
Mentioned as part of O'Leary's concentrated crypto portfolio alongside Bitcoin, with no new bullish or bearish catalyst.
Shark Tank investor Kevin O'Leary has pivoted toward rare sports cards, allocating 5% of his portfolio to the asset class. O'Leary justifies the $11 million purchase of a one-of-a-kind Shohei Ohtani jersey card as a hedge against M2 money supply expansion, mirroring the scarcity-based investment thesis often applied to Bitcoin.
O'Leary views rare, one-of-a-kind collectibles as a hedge against the debasement of fiat currency, similar to his rationale for holding Bitcoin.
It is a collection of rare sports cards curated by O'Leary and his partners, which has seen approximately $100 million in capital deployment to date.