Institutional capital can flood Bitcoin, Ethereum, Solana and Polygon under this condition: Kevin O’Leary
Shark Tank star Kevin O’Leary says a massive wave of blue-chip capital could flow into the cryptocurrency space if the right conditions are met.
In a new interview with crypto-influencer Anthony Pompliano, the venture capitalist says that institutional capital worth billions of dollars can find its way to leading digital assets Bitcoin (BTC) and Ethereum, as well as ETH challenger Solana (SOL) and scaling solution Polygon (MATIC), if stablecoin rules are in place.
“If we can get some guidelines, even if it will require additional compliance costs, more disclosure [and] more transparency, it opens the floodgates for institutional capital that has been waiting to enter the crypto market.
In a payment system alone, let’s say four or five different stack coins were licensed, it would be a phenomenal result because for the first time you would be able to get one or two or three percent indexed allocation from state funds running $ 500 to $ 900 billion. .
I’m not the only one doing it, there are many others, but we talk to these funds all the time and they say the same thing over and over again: give me some policy, show me I’m not offside with the SEC, and I will give you an allotment of one percent, sometimes an allotment of three percent. This applies to Bitcoin, this applies to Ethereum, Solana, Polygon [and] stable coins.
Just give me a regulated position – that’s all they want. ”
O’Leary also says that regulations could potentially result in a price tag of $ 100,000 for BTC.
To see Bitcoin [at] $ 100,000, that’s the way to do it. You will get the sovereign wealth funds to allocate to it. “
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Featured image: Shutterstock / Tithi Luadthong / Natalia Siiatovskaia
