In a recent interview, former NFL player, professional investor, financial markets analyst, and a CNBC contributor Jon Najarian talked about how he invests in crypto (and especially Bitcoin) for his personal portfolio.
According to his CNBC bio, Najarian was a linebacker for the Chicago Bears, one of the teams in the National Football League (NFL), which is a professional American football league consisting of 32 teams, before becoming a professional options trader.
As a member of CBOE, NYSE, CME and CBOT, he ended up working for around 25 years as a floor trader.
In 2005, together with his brother Pete, founded optionMONSTER, an options news and education firm, and tradeMONSTER, an online brokerage firm. In 2016, TradeMonster was sold to E*Trade for $750 million.
He is also a co-founder of Najarian Advisors & Najarian Family Office, which “advises or trades for institutional investors and provides money management for wealthy investors.”
In 2016, Jon and Pete Najarian founded Market Rebellion, which has the aim of educating the individual investor.
In an interview with Anthony Pompliano (aka “Pomp”)—for episode #329 of the Pomp Podcast—Najarian talked about Wall Street, as well as crypto in general, and Bitcoin in particular.
With regard to how he invests in crypto, he said:
“On a monthly basis, I probably have between 5% and 10% in digital assets, and almost all of it is Bitcoin. A little Ethereum, but mostly Bitcoin. I’ve got a little Litecoin, a little Stellar, but really I’m about Bitcoin. I’m there because guys like yourself, guys like Peter Briger over at Fortress, really got me psyched about it…
“I first got involved at about $300, realized I didn’t know what the hell I was doing, didn’t get involved again until it was closer to $1,700. So I missed an awful lot of that and I didn’t sell when it got over $18,000 or $19,000. I didn’t liquidate. I would have looked like a genius if I did.”
Najarian says that Wall Street players are secretly increasing their Bitcoin holdings: