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Kevin O'Lehreau threw millions, abandoning gold and cryptocurrency, and betting on rare sports card

2026-08-11 00:55:32
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Shark tank investor Kevin O'Leary: Building a centralized portfolio of high-end collectibles

In a post on platform X,"Smart Winners" investor Kevin O'Leary said that he is building a centralized portfolio of high-end collectibles.

"I am investing millions of dollars in rare sports cards because I view them as a legitimate alternative asset class," he wrote."Looking back at the historical performance of truly rare items, some have appreciated far more than the S & P 500, gold and cryptocurrencies."

Focus strategy

O'Leary's strategy is thoughtful and long-term. He plans to buy only 10 to 20 top cards and hold them for a long time rather than trade them frequently. He recommends allocating 3% to 5% of the overall portfolio to this category.

The Canadian businessman known for his rigorous view of wealth has previously emphasized the importance of diversification and control of a single position. His latest statement marks a shift towards tangible collectibles as hedging and growth tools.

In recent years, sports cards have attracted the attention of more and more high-net-worth investors. O'Leary believes that the rarest cards behave more like works of art than public souvenirs. He pointed out that only the scarcest varieties can bring excess returns, while ordinary cards tend to stagnate.

"My strategy is simple: build a portfolio of 10 to 20 treasures, hold them for the long term, and let them appreciate. It makes perfect sense for me to allocate 3% to 5% of my portfolio to these assets." He shared it in a post on platform X.

This comment comes at a time when traditional markets are volatile and cryptocurrencies continue to fluctuate. By juxtaposing rare cards with traditional assets, O'Leary is betting that scarcity and cultural needs will drive long-term appreciation.

Market Background

O'Leary has always combined traditional investments with emerging asset classes. He has previously expressed optimism about Bitcoin and Ethereum, while also warning of the risks of most altcoins. In early June this year, he elaborated on Bitcoin's short-term price framework, pointing out that regulatory clarity is a key factor in determining the asset to maintain a broad range of consolidation.

He said that no matter how strong the investment logic is, Bitcoin may fluctuate between $80,000 and $200,000 for a long time. His latest foray into the sports card market reflects the trend of looking for assets that are both scarce and liquid in the high-end market.

The success of this strategy depends on continued demand for the rarest cards. Currently, one of television's most well-known investors is investing real money, believing that the right sports card will outperform gold, stocks and cryptocurrencies.

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