Shark Tank Star Predicts Bitcoin ETFs Will Drive Billions of Dollars Influx

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Famous investor Kevin OLeary (aka Mr. Wonderful in the ABC Shark Tank TV series) recently predicted that $ 1 trillion could be pumped into Bitcoin with the approval of an exchange-traded fund (ETF).

Speaking in an interview with CNBC, OLeary said the US Securities and Exchange Commission (SEC) approving a Bitcoin ETF could lead to another trillion dollars being invested in Bitcoin.

OLeary also said that most members of the financial services community, including himself, are hopeful that the U.S. regulator will make a decision on cryptoassets. OLeary, who has become an active member of the Bitcoin investor community, said he did not want to get involved in the cryptoasset industry if regulators felt it was wrong, saying he couldn’t afford to be non-compliant.

As reported by The Daily Hodl, OLeary said:

So, I guess, let’s just take Bitcoin, the grandfather of all cryptos. billion dollars in Bitcoin purchases.

OLeary predicted that an ETF would be approved over the next two years given the growing interest in Bitcoin in digital assets.

The Shark Tank star is a growing supporter of cryptoassets, telling Anthony Pompliano in a recent interview that he would likely expand his investment portfolio to include 7% crypto, in addition to being bullish on decentralized finance ( Challenge).

Disclaimer

The views and opinions expressed by the author, or anyone mentioned in this article, are for informational purposes only and do not constitute financial, investment or other advice. Investing or trading crypto-assets carries a risk of financial loss.

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