Shark Tank star Kevin O’Leary says that a huge opportunity for Bitcoin (BTC) could begin to emerge in the coming months.
In a new interview with Crypto Jebb, O’Leary Says Bitcoin gates will open if BTC gets the proper compliance infrastructure at the sovereign fund level.
“The big opportunity, the huge opportunity for Bitcoin, why do I stay so long and why do I continue to allocate Bitcoin when we get a policy and institutions can allocate it — sovereign wealth and pension institutions — it’s likely to put 50 basis points, which is half of one percent, even one percent in Bitcoin, And that’s where you’ll come out of that range. How high is it? Nobody knows because the demand is almost insatiable.
Most of the big organizations want to get a position in crypto and they want granddaddy crypto. They want bitcoin. They can’t buy it yet… I serve indexing institutions and sovereigns, and they all told me they wanted to index Bitcoin but they couldn’t buy it. They don’t have any policy. They do not have any infrastructure to comply. So we have to get this done. “
The famous venture capitalist also says that a huge amount of capital could flow into the cryptocurrency markets if policies are put in place for Bitcoin and stablecoins.
“In terms of the price hike, I think it will be dramatic. You could have a gap [of] 10%, 15%, 20%, [or] 25% overnight because you unlocked trillions of dollars worth of access to a new asset class. This doesn’t happen often.”
O’Leary anticipates that policies for BTC could be enacted in the next six to twelve months.
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