Shark Tank Star Kevin O'Leary expects Billion dollars to flow into Bitcoin - markets and prices
Shark Tank Star Kevin O'Leary expects Billion dollars to flow into Bitcoin - markets and prices
Shark Tank star Kevin O’Leary, aka Mr. Wonderful, expects that one more “trillion dollar” will flow in Bitcoin in the next few years. He also sees that cryptocurrencies become an institutional asset class. "We don't know when, but it will definitely come. It won't go away," he said.
Kevin O’Leary sees trillion-dollar chance in Bitcoin
Kevin O’Leary spoke in an interview published on Monday about the Capital Connection of CNBC about Bitcoin and cryptocurrency.
"I am optimistic at Krypto," O’Leary began and added that he is also optimistic when it comes to decentralized financing (Defi). Referring to the US stock exchange supervisory authority sec press against the lend product of Coinbase he said: "This is a slowdown of the really very interesting space." Mr. Wonderful emphasized:
We want the regulatory authority to actually make some decisions about crypto, because none of us who works in the financial services industry would like to be cowboys in this regard. I don't want to get involved in crypto when the supervisory authority says that it is wrong.
"I can't afford to stand in the side. I can't afford not to be compliant," he continued.
In particular with regard to Bitcoin, the Shark Tank star said: "If the regulatory authority finally allowed financial services companies to describe it as a asset, put them in an ETF [Exchange-Traded Fund] in the United States, as they did in Canada and other countries, I would imagine that it would be worth buying further trillion in Bitcoin. Not, but that's the opportunity. ”
Mr. Wonderful explained:
I think at the end of the day, in the next few years, this will happen. Therefore, the interest is so great.
In the current btc the Bitcoin market capitalization is 850.20 billion US dollar, based on data from bitcoin.com-markets .
o’leary added that all institutional investors want to know, "when and how" the supervisory authorities come to the side of crypto and when they consider cryptocurrencies as "institutional asset class". He noticed: "We don't know when, but it will definitely come. It won't go away."
What do you think of Kevin O’Leary's comments to Bitcoin and Krypto? Let us know in the comment area below.
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