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Long known as a bitcoin skeptic, O’Leary is worried about bitcoin’s volatility and wants regulators to be comfortable with it before he jumps in.

While he still has the same concerns, the Shark Tank star said that he is not against bitcoin.

“I do own a small amount of bitcoin,” he said, adding that he bought the BTC because a class he taught at Harvard University challenged him to get involved in cryptocurrency.

If that was the case, if tomorrow morning we woke up and the SEC said you can create an ETF with bitcoin and we think bitcoin is a legitimate, you know, payment system and store of wealth, not only would it go up but you’d have a lot of people like me investing in it.

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