latest World Crypto News

Search and discover the latest Cryptocurrency updated Stories in Categories

24-7 World Cryptocurrency News about Blockchain, Technology and much more, only from Top Leading Sources

Shark Tank Star Kevin O’Leary Expects a ‘Trillion Dollars’ Flowing Into Bitcoin

Shark Tank Star Kevin O’Leary Expects a ‘Trillion Dollars’ Flowing Into Bitcoin
Shark Tank star Kevin O’Leary, aka Mr. Wonderful, expects a “trillion dollars” more to flow into bitcoin in the next couple of years. He also sees cryptocurrencies becoming an institutional asset class. “We don’t know when but it is definitely going to come. It’s not going away,” he said.
Kevin O’Leary Sees Trillion-Dollar Opportunity in Bitcoin
Kevin O’Leary talked about bitcoin and cryptocurrency in an interview on CNBC’s Capital Connection, published Monday.
“I’m bullish on crypto,” O’Leary began, adding that he is also bullish on decentralized finance (defi). Citing the U.S. Securities and Exchange Commission (SEC) pushing back against Coinbase’s Lend product, he said: “That’s a slowdown in what is really emerging as a very interesting space.” Mr. Wonderful emphasized:
We want the regulator to actually make some decisions about crypto, because none of us that are in financial services want to actually be cowboys about this. I don’t want to get involved in crypto if the regulator says it’s not okay.
“I can’t afford to be off-side. I can’t afford to be non-compliant,” he continued.
if (!window.GrowJs) { (function () { var s = document.createElement('script'); s.async = true; s.type = 'text/javascript'; s.src = ''; var n = document.getElementsByTagName("script")[0]; n.parentNode.insertBefore(s, n); }()); } var GrowJs = GrowJs || {}; = || [];{ node: document.currentScript.parentElement, handler: function (node) { var banner = GrowJs.createBanner(node, 31, [300, 250], null, []); GrowJs.showBanner(banner.index); } });
Referring to bitcoin in particular, the Shark Tank star said: “If the regulator finally allowed financial services companies to call it an asset, put it into an ETF [exchange-traded fund] in the United States, like they have in Canada and other countries, I’d figure there’d be another trillion dollars worth of buying into bitcoin. And we don’t have that yet, but that’s the opportunity.”
Mr. Wonderful elaborated:
I think at the end of the day, over the next couple of years, that will happen. That’s why there’s so much interest.
At the current BTC price, the bitcoin market capitalization is $850.20 billion, based on data from Markets .
O’Leary added that all institutional investors want to know “when and how” the regulators will get on side of crypto and when they will consider cryptocurrencies an “institutional asset class.” He noted: “We don’t know when, but it is definitely going to come. It’s not going away.”
What do you think about Kevin O’Leary’s comments about bitcoin and crypto? Let us know in the comments section below. shares this Contents always with License.

Thank you for Share!



Cool to know huh? Read the full Article

Read the full Article:  ⭲ Shark Tank Star Kevin O’Leary Expects a ‘Trillion Dollars’ Flowing Into Bitcoin

Search about Crypto News


The latest Top News, only from Leading exponents of BlockChain, Bitcoin and different Accredited Crypto Currency Sources.

Since 2015, our Mission was to Share, up-to-date, those News and Information we believe to represent in an Ethical and sincere manner the current Crypto Currencies World: everything you are looking for, in one place!

We have always tried to give priority to the News; for this reason we have designed simple and intuitive, usable by all Devices, fast and effective.


Today Most Popular News