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Shark Tank star Kevin O’Leary, aka Mr. Wonderful expects more than “trillion dollars” to flow into Bitcoin (BTC) over the next few years. Mr. Wonderful also sees cryptocurrencies becoming an institutional asset class, saying, “We don’t know when it will happen, but it certainly will. It does not pass,” he says. we too Cryptocoin. com, we have compiled this interesting interview for you.

Kevin O’Leary sees trillion dollar opportunity in Bitcoin (BTC)

Kevin O’Leary talked about Bitcoin (BTC) and cryptocurrencies in an interview on CNBC’s Capital Connection, which aired Monday. “I’m optimistic about crypto,” Kevin O’Leary says, adding that he’s also optimistic about decentralized finance (DeFi). Noting that the U.S. Securities and Exchange Commission (SEC) has taken a step back against Coinbase’s Lend product, “This is a slowdown in what is emerging as a really interesting area,” said Mr. Wonderful highlights the following:

We want the regulator to actually make some decisions about crypto. Because none of us in financial services really want to be a cowboy for that matter. I don’t want to get involved in crypto if the regulator says it’s not appropriate.

To his words, “I can’t afford to go out. I can’t afford to be incompatible,” the Shark Tank star continues, referring specifically to Bitcoin (BTC):

If the regulator finally let the financial services companies call it an asset, put it in an ETF (exchange-traded fund) in the United States as in Canada and other countries, I would think there would be another trillion dollars in purchases of Bitcoin (BTC). And we don’t have that yet, but this is the opportunity.

Mr. wonderful, states intention to increase crypto holdings

In the meantime, let’s mention that at the time of writing, at the current BTC price, according to the data received from Coinmarketcap, the market value of Bitcoin is 907.54 billion dollars. Kevin O’Leary continues his explanations, detailing it as follows:

At the end of the day, I think this will happen in the next few years. That’s why there is so much interest.

Kevin O’Leary adds that all institutional investors want to know “when and how” regulators will be on the crypto side and when to consider cryptocurrencies as an “institutional asset class”. We don’t know if it is, but it will definitely come. It doesn’t go away,” he predicts. Mr. Wonderful also announces its intention to increase its crypto holdings:

I want to increase my crypto holding, which is currently 3%, to 7% by the end of the year.


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Michael Lewis

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