Shark Tank star Kevin O’Leary, aka Mr. Wonderful, has predicted that trillions of dollars will be poured into cryptocurrencies, especially Bitcoin.
Additionally, he said Bitcoin mining would “save the world.”
Shark Tank star Kevin O’Leary delivered a keynote speech at Bitcoin Conference 2022.
He said that based on his experience in the business, “these huge capital pools, these trillions of dollars” are awaiting policy.
Multi-Millionaire Kevin O’Leary Says Bitcoin Won’t Be Banned Again
They currently own no or very little cryptocurrency. “It’s where high net worth individuals, hedge funds and retail investors gather,” he explains.
Mr. Wonderful details:
What we are missing is policy. When we have policies and regulatory bodies in place, that’s not a bad thing. Capital will flow into this sector like you’ve never seen before.
“So we can invest now, you’ll be ahead of the big wave of interest when the policy happens,” he added.
I predict that in the next 10 years crypto, blockchain, bitcoin will be the 12th sector of the S&P.
The Shark Tank star also discussed “why bitcoin mining will save the world.”
“Because the next generation of bitcoin mining is starting with zero-carbon energy – hydro and nuclear, wind and solar,” he explained.
“When we have a policy, we will allocate Bitcoin to institutions that have not yet held it. How much money is that? Trillions of dollars. So if you want to see bitcoin increase in value, if you’re an advocate like me, you want regulation and see the capital come in.”