Shark Tank’s Kevin O’Leary Says There’s One Catalyst That Can Push Bitcoin Above $22,000

Shark Tank investor Kevin O’Leary believes there’s one factor stopping Bitcoin (BTC) from getting out of its present buying and selling vary.

In a brand new interview with Circle CEO Jeremy Allaire, O’Leary says getting the assist of US policymakers may set off an inflow of institutional capital into the crypto markets, sparking a Bitcoin breakout.

“I additionally imagine that the one factor – simply getting stablecoins [regulations] accomplished… It’s the lowest-hanging fruit, however it might additionally sign to the remainder of the crypto market, primarily the institutional investor market.

I truly suppose, and that is hypothesis, that in case you bought this factor accomplished with simply stablecoins, and you bought it regulated, it might enhance the worth of lots of totally different positions that I’ve together with Bitcoin.

As a result of they’d make the belief as a result of we’re caught in a $17,000 – $22,000 vary on Bitcoin and we are going to by no means get out of that if we don’t get institutional assist. It’s simply going to sit down there endlessly.”

At time of writing, Bitcoin is altering palms for $19.596.

O’Leary additionally says that he’s beginning to see indicators that Bitcoin is shedding its momentum when it comes to adoption.

“There’s a fatigue on this market now. And there’s a scarcity of adoption, and there’s a scarcity of wallets. There’s a scarcity of lots of stuff, and it’s actually coming to the entrance now. Individuals [are] saying, ‘We’ve bought to interrupt via this.’ It’s like a large log jam.”

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