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Kevin O’Leary Predicts A Trillion Dollars Will Flow Into Bitcoin Market If The SEC Approves Crypto ETFs
Summary: Kevin O'Leary, a venture capitalist, and Canadian entrepreneur speak on CNBC that cryptocurrency is not yet regarded as an institutional asset and US regulators need to make a decision on cryptocurrency. He said: "I don't want to get involved in crypto if the regulator says it's not okay. I can't afford to be offside. I cannot afford ...
Kevin O'Leary, a venture capitalist, and Canadian entrepreneur speak on CNBC that cryptocurrency is not yet regarded as an institutional asset and US regulators need to make a decision on cryptocurrency.
He said: "I don't want to get involved in crypto if the regulator says it's not okay. I can't afford to be offside. I cannot afford to be non-compliant."
He is optimistic about the decentralized financial industry, saying that the industry is much broader than Bitcoin or Ethereum. Kevin predicts that if the Securities and Exchange Commission (SEC) approves the exchange-traded funds (ETF), another trillion dollars will flow into the Bitcoin market: "I'd figure there'd be another trillion dollars' worth of buying into Bitcoin. And we don't have that yet, but that's the opportunity."
By Mary Liu
Tags: Bitcoin,ETF,Kevin O'Leary,SEC
Link: Kevin O’Leary Predicts A Trillion Dollars Will Flow Into Bitcoin Market If The SEC Approves Crypto ETFs [Copy]
