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Famous for chairman of O’Shares ETF shark tank Investor Kevin O’Leary talked again about Bitcoin Bitcoin/USDHe believes there is one factor preventing BTC from moving out of its current trading range.
and interviewO’Leary 2022 Benzinga Crypto Conference On Dec. 7, he said that the support of US policymakers could lead to an influx of institutional investors into the cryptocurrency market, triggering a rally in Bitcoin.
This is speculation, but I think if stablecoins alone do this and regulate it, the various positions I have, including Bitcoin, will increase in value, he said. .
In early August he suggested: The cryptocurrency market needs strong policies and regulation.
“I predict that cryptocurrencies, especially bitcoin, will be locked between $20,000 and $25,000 until a policy is decided. After that, it won’t go anywhere because there aren’t enough buyers,” O’ said. Leary said.
Also Read: Why Kevin O’Leary Says A New Digital Economy Is Rising
He said there is an ongoing battle between the SEC and other regulators regarding cryptos, NFTs, and various crypto market-related products.
O’Leary said Bitcoin is losing momentum when it comes to adoption, stating, “Right now, we’re seeing fatigue in this market. is in short supply, and it’s coming to fruition now ahead. [are] “We have to break through this,” he said. It’s like jam on a giant log.
At the time of writing, Bitcoin was trading at $19,508, up about 1% over the past seven days.
Photo: Courtesy: Ontario Chamber of Commerce on flicker
