Here Is Why Bitcoin Price Wont Surpass $25k Until This Happens

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At the moment the global crypto market cap has tumbled down below $1 trillion and is positioned at $952.45 billion. The worlds first cryptocurrency, Bitcoin is also trading below $20,000 bringing down all other altcoins.

This has brought too much analysis from market experts and among such is Shark Tank investor Kevin OLeary who is not certain about Bitcoin (BTC) hitting the $25,000 range.

In an interview with Stansberry Research, OLeary Bitcoin claimed that Bitcoin isnt progressing because of no cryptocurrency regulation. Also, he says that this has obstructed the institutional investors around the crypto space.

The investor asserts that there is a need for a financial policy as this will pave the way for institutional investors. According to Kevin Bitcoin price wont trade beyond $25,000 until and unless there is a policy introduced as there is a lack of buyers.

The main reason for decreased buyers as per Kevin is there is no proper management of trillions of dollars thats been flowing into the market and until there is a regulation buyers wont increase.

At the time of publication, Bitcoin is changing hands at $20,194 with a slight surge of 1.14% over the last 24hrs.

Bitcoin Price To Surge With Regulation

Furthermore, OLeary also believes that until there is a regulatory structure cryptocurrency cannot be referred to as a legitimate asset class. However, he also claims to be long towards the crypto space because he is of the opinion that in the next three years the crypto will be regulated which will attract institutional participation.

Kevin then talks about the pensioners and sovereign wealth funds which share 70% of the worlds wealth and he feels that until there is proper regulation no asset will be bought. He then says this is one of the reasons for Bitcoin to hold back below $25,000 as there is no regulation towards BTC and Ethereum.

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