Shark Tank star Kevin O’Leary, also known as Wonderful, predicts that trillions of dollars will flow into cryptocurrencies, especially Bitcoin. In addition, he said Bitcoin mining “saves the world.”
O’Leary says the “capital spigot” is flooded with cryptos like you’ve never seen before
Shark Tank star Kevin O’Leary gave a keynote speech at the Bitcoin 2022 conference on Thursday.
Based on his experience in the index business, he said “a large pool of capital, these trillion dollar pools” are waiting for policy. They currently own zero or very few ciphers. “This is funding for high net worth individuals, hedge funds and private investors,” he stated.
Wonderful details:
What we lack is policy. When we take policy and regulators regulate it, it’s not a negative thing. Capital plugs will flood this sector, as you have never seen.
“So for those of us who can invest in it now, you will be ahead of what will be a big wave of interest when a policy happens,” he added.
O’Leary continued:
Over the next decade, we expect cryptocurrencies, blockchain and Bitcoin (all of this innovation) to be S & P’s twelfth sector.
“Why Bitcoin Mining Saves the World”
Shark Tank stars also discussed “Why Bitcoin Mining Saves the World”.
He explained: “Why is Bitcoin mining good for the planet? The next generation of Bitcoin miners … are starting to work with carbon-free energies such as hydro and nuclear, wind and solar.”
Wonderful goes on to say: “The willingness to produce Bitcoin is so economical that we will fund the next generation of machinery and turbines. 90% of the dams built in the United States over the last 100 years have assumed hydropower. However, I have never installed a turbine. “
He shouted: “Install a turbine. Why? If you can use it and don’t bother with carbon audits, it’s a great economics.” “It provides the community and provides additional power,” Shark said. Tank Star said:
This is the future of Bitcoin mining. We develop power for all communities while mining coins with the ethical and 100% green mission of hydropower.
Regulations help increase the value of Bitcoin
O’Leary further states: “The beautiful strategy here is when it comes to getting the policy. I predict that if you assign Bitcoin to an institution that doesn’t have it yet, it will go from 50 basis points to 300 basis points. In their portfolio.” Concludes that:
How much does that cost? Trillions of dollars. So if you want to evaluate the value of Bitcoin, if you are a supporter like me … need regulation … and stop and see the capital poured into this.
What do you think of Kevin O’Leary’s comments? Let us know in the comments section below.
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