Shark Tank star Kevin O’Leary, aka Mr. Wonderful, trillions of dollars will be pouring into cryptocurrencies, especially bitcoin. In addition, he said that Bitcoin mining will “save the world.”
O’Leary Says Capital Faucets Will Flow Into Cryptocurrency Like You’ve Never Seen It Before
Shark Tank star Kevin O’Leary gave a keynote speech at the Bitcoin 2022 conference on Thursday.
He said that based on his indexing experience, “huge pools of capital, these trillion-dollar pools” await policy. They currently have zero or very little coding. “It’s the money of high net worth individuals, hedge funds, and individual investors,” he explained.
Mr. Fantastic in detail:
What we miss is politics. When we get a policy and the regulator regulates it, it is not a negative thing. The taps of capital will flow into this sector like you’ve never seen it before.
“So for those of us who can invest in it now, you’re going to come forward in what will be a huge wave of interest when politics happens,” he added.
I predict in the next 10 years that cryptocurrency, blockchain, bitcoin – all this innovation – will be S&P’s 12th sector.
“Why Bitcoin Mining Is Saving The World’
The Shark Tank star also discussed “why bitcoin mining is saving the world.”
He explained, “Why is bitcoin mining good for the earth? Because the next generation of bitcoin miners… are starting to work with energy that doesn’t require carbon – hydropower and nuclear, wind and solar.”
Mr. Wonderfall continued: “The drive to produce bitcoin is so economic in terms of value that they are going to go ahead and finance the next generation of machines and turbines. 90% of the dams built in America in the last 100 years have been contemplated for hydroelectric generation but have not installed turbines”.
He shouted, “I’m going to ride the turbines. Why? Because it’s great economics if I can use that and not be bothered by carbon audits.” The Shark Tank star noted that it “provides communities, provides additional strength”:
This is the future of bitcoin mining. We will develop energy for all societies while mining coins within a 100% ethical and green commitment that we can do with hydropower.
Regulations will help the value of Bitcoin rise
O’Leary also said, “The beautiful strategy here is when we get the politics…when we make Bitcoin for institutions, which they don’t have yet, I expect it to happen between 50 basis points to 300 basis points in their wallets.” He continued:
How much money is this? trillions of dollars. So, if you want to see the value of bitcoin go up, if you’re an advocate like me… you want to get organized… and you stand back and watch the capital flow into this.
What do you think of Kevin O’Leary’s comments? Let us know in the comments section below.
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