Tuesday, September 26, 2023
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Kevin O’Leary Details ‘Mega Opportunity’ for Early Crypto Investors, Says Institutional Demand for Bitcoin Nearly Insatiable

Shark Tank star Kevin O’Leary says Bitcoin has big opportunities (Bitcoin) may start to materialize in the coming months.

In a new interview with Crypto Jebb, O’Leary To tell If BTC gets a proper compliance infrastructure at the sovereign fund level, the floodgates will open for Bitcoin.

“It’s a big opportunity for Bitcoin, a big opportunity, and the reason I keep holding and investing in Bitcoin for the long term is because we get a policy and government agencies and pension agencies get assigned to it. That’s when they’ll probably set 50 basis points, which is 0.5 percent to Bitcoin, up to 1 percent, and it’s about to break through this range, how high is the demand? Almost insatiable, no one knows.

Most large institutions want crypto positions and want grandpa crypto. they want bitcoin. They can’t buy it yet… I offer indexing to institutions and sovereign wealth funds. They don’t have a policy. They don’t have a compliance infrastructure. So we have to get this done. ”

A popular venture capitalist has also said that if Bitcoin and stablecoin policies are in place, huge amounts of capital could flow into the cryptocurrency market.

“In terms of price increases, I think it’s going to be dramatic. You can have a gap up. [of] 10%, 15%, 20%, [or] 25% overnight as it unlocked access to new asset classes worth trillions of dollars. This is very rare. “

O’Leary predicts that BTC policy could be enacted within the next 6-12 months.

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Featured Image: Shutterstock/BT Side

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