Kevin O’Leary Describes ‘Mega Opportunity’ for Early Crypto Investors, Says Institutional Demand for Bitcoin Almost Insatiable
Shark Tank star Kevin O’Leary says a huge opportunity for Bitcoin (BTC) could begin to materialize in the coming months.
In a new interview with Crypto Jebb, O’Leary says the floodgates will open for Bitcoin if BTC is given sufficient compliance infrastructure at the sovereign fund level.
“The big opportunity, the mega opportunity for Bitcoin, and why I stay long and why I continue to allocate to Bitcoin is when we get policy and institutions can allocate to it – sovereign wealth and pension institutions – they will probably put 50 basis points, which is half percent, up to one percent into Bitcoin, and that’s where you’re going to break out of this range. How high? Nobody knows because the demand is almost insatiable.
Most major institutions will have a position in crypto and they will grandfather crypto. They want Bitcoin. They can’t buy it yet… I service the institutions and sovereign funds with indexing and they all tell me they want to index for Bitcoin but they can’t buy it. They have no policy. They have no compliance infrastructure. So we have to get this done.”
The popular venture capitalist also says that a huge amount of capital could flow into the crypto markets if guidelines are put in place for Bitcoin and stablecoins.
“In terms of price increases, I think it will be dramatic. You could have a gap up [of] 10%, 15%, 20%, [or] 25% overnight because you’ve opened trillions of dollars of access to a new asset class. It doesn’t happen very often.”
O’Leary predicts that guidelines could be adopted for BTC in the next six to 12 months.
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