'The spigots of capital are going to flood into this sector like you've never seen,' said O'Leary. bitcoin crypto cryptocurrency $BTC
Kevin O'Leary Predicts Trillions of Dollars Will Flood Into Crypto — Says Bitcoin Mining Will 'Save the World'
He said that based on his experience in the indexing business, “massive pools of capital, these trillion-dollar pools” are waiting for policy. They currently own zero or very little crypto. “It’s the purvey of high net worth individuals, hedge funds, and retail investors,” he clarified.What we’re missing is policy. When we get policy and the regulator regulates, that’s not a negative thing. The spigots of capital are going to flood into this sector like you’ve never seen.
He explained: “Why is bitcoin mining good for the Earth? Because the next generation of bitcoin miners … are starting to work with energy that does not require carbon — hydroelectricity and nuclear power, wind and solar.” He exclaimed: “I’ll install the turbines. Why? Because it’s great economics if I can use that and not be hassled by a carbon audit.” Noting that “It provides for communities, it provides extra power,” the Shark Tank star opined:
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