“Everyone Is So WRONG About What’s Coming” Kevin O’Leary Crypto & Bitcoin Prediction (2024)

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Shark Tank Star Kevin O’Leary is a huge Bitcoin and crypto bull.

Despite his huge miss on FTX and losing 10s of millions of dollars, O’leary’s conviction has not changed.

In his Bitcoin conference keynote speech from last year, he explains why he believes crypto is destined to become the 12th sector of the S&P 500.

In doing so, will create the greatest transfer of wealth event in all of history.

With BlackRock & the soon to be Bitcoin ETF’s legitimising Bitcoin as an asset around the globe, trillions of dollars are about to pour into the space.

O’Leary argues the bull run of 2024 and 2025 may be the last chance to make massive wealth in such a short period.

Make sure to stick around to the end of the video where O’Leary explains why institutional investment is what is going to fuel a parabolic rise in the space.

About Kevin O’Leary:

Terence Thomas Kevin O’Leary, nicknamed “Mr. Wonderful”, is a Canadian businessman, entrepreneur, author, politician, and television presenter. From 2004 to 2014, he appeared on various Canadian television shows, including the business news programmes SqueezePlay and The Lang and O’Leary Exchange, as well as the reality television shows Dragons’ Den and Redemption Inc. In 2008, he appeared on Discovery Channel’s Project Earth. Since 2009, he has appeared on Shark Tank, the American version of Dragons’ Den.

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“Everyone Is So WRONG About What’s Coming” Kevin O’Leary Crypto & Bitcoin Prediction (2024)

I predict in the next 10 years that crypto blockchain Bitcoin all of this Innovation will be the 12th sector of the S&P Bitcoin an allocation for institutions which they do not have yet what I predict will happen they will put between 50 basis points and three basis

Points or 300 basis points into their portfolios how much money is that trillions of dollars shock tank star Kevin oi is a huge Bitcoin and crypto bull despite his huge Miss on FTX and losing tens of millions of dollars O’s conviction has not been changed in his Bitcoin conference keynote speech from

Last year he explains why he believes crypto is destined to become the 12th sector of the S&P 500 in doing so will create the greatest transfer of wealth event in all of history with black rock and the soon Tobe Bitcoin ETFs legitimizing Bitcoin as an asset around

The globe trillions of dollars are about to pour into the space oi argues the bll Run of 2024 and 2025 may be the last chance to make massive wealth in such a short period make sure to stick around at the end of the video where o explains why institutional investment is what is

Going to fuel a parabolic rise in the space Also guys only a small percentage of my viewers are actually subscribed if you enjoy Finance content consider subscribing or liking the video it’s free and you can always change your mind now here’s Kevin oi with his Bitcoin Outlook let’s say you’re a very very

Wealthy Middle East Sovereign fund and you’re managing I don’t know $500 billion and you don’t need any more oil as an investment because you’ve already got that in the ground so you go to an indexer like me and say look give me the S&P less energy less Airlines and that’s

What indexers do so we as an industry get to see fund flows 247 every day and there are billions of dollars out there waiting for policy because for all the excitement about Bitcoin for all the excitement about crypto for all of the wonderful productivity these products and blockchain and everything that’s

Promised that you’re going to be hearing about the next three days these massive pools of capital these trillion doll pools own this much crypto this much practically nothing it’s the purvy of high net worth individuals hedge funds and Retail investors and that’s okay but 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 and so for those of us that can invest in it now you’re getting ahead of what’s going to be a huge wave

Of interest when policy occurs I predict in the next 10 years that crypto blockchain Bitcoin all of this Innovation will be the 12th sector of the S&P Bitcoin is not a coin it’s software ethereum is software Avalanche is software helium is software Salon is software it’s all software and

The smartest hands over keyboards today in the world are developing on the chain and bringing Innovation to financial services which in the end is the largest sector on earth now what we need is policy we need government to catch up with us us so that we don’t lose

Leadership in America to this very important 12th sector of the economy there’s no question so let me give you a quick update because I’ve been spending a lot of time in Washington in the last three months a lot of time and the good news is on a bipartisan basis there are

Many senators and Reps that are thinking about this in a proactive way so I’m going to give you what I’m calling the five vectors of policy and give you an update of where we’re at on this stuff cuz I’ve actually read these bills they’re big a lot of reading lot of

Bedtime reading here but there’s a lot of good Innovation occurring let’s start with the big daddy bill that’s coming out of Cynthia lumus she is coming here on Friday to give a keynote this is a very important Milestone to have a senator come here and address this important sector with a bipartisan

Mandate that signals that regulation is coming and that is a good thing that’s Vector number one vector number two the president himself in his direct order his executive order talked about crypto as something that he wouldn’t make illegal that was most important message in there but there was also a concern

About climate change we I’ll get to in a minute then there’s black rock the Larry Fink mandate that has discussed this sector as well also a concern about ESG and climate change last night at 6:00 Bill Hagerty dropped a bill two pages I spoke to the senator last night

A two-page bill that would make stable coins legal this is a genius piece of legislature if it’s two pages every Senator can read it and it’s very simple what this says is this why is this any different than a money market fund why can’t we have a simple audit

Every 30 days with the underlying security inside of it whether it be usdc or any other stable coin and why can’t we limit the duration of the asset to 12 months or less and then why don’t we let the market compete to provide stable coins which are now way past 10000

Billion and allow institutions to put this on their balance sheets two page bill there’s a senator that wants to do business I of course applaud this mandate because my own auditor won’t let me in my operating company do anything with stablecoin because there’s no regulation on it so maybe the best way

To approach this for all of us that are interested in crypto is to pick one pillar of value and right now I would argue that stable coins are one of the fastest growing asset classes outside of Bitcoin and help this become policy and law and watch what happens and the

Reason you should care is if it’s backed by the US dollar it will become the reserve currency of the earth that’s what will happen and why would we want to give that up to any other country why would we ever give that Innovation up so let’s regulate this let’s get behind

This bill and make it happen and I’m not asking the federal government to write one light of code that’s not their job let the free market let the private sector develop these stable coin products and let them compete just like Fidelity competes with their money market fund like Schwab competes they’re

Regulated and everybody uses them when they have a cash balance on their account let’s do the same thing here that way we have the innovators coding and we have the government regulating that’s a great outcome it’s coming soon now let’s talk about the Mine Fields in the five vectors of

Policy we’ll start with the SEC now now I don’t know if you read these memorandums but a few weeks ago they started proposing that in addition to financial audits in all companies that are public in all 11 sectors of the economy that they have a carbon audit

That they get somebody if you claim that you’re carbon neutral you’re going to get audited every quarter now in the Bitcoin mining industry where I’m a participant the way we get carbon neutral is we buy carbon offsets the problem with a carbon offset is the tracking error is so huge that no

Public auditor will sign off on those statements you can say you’re carbon neutral but there’s nobody going to sign it at the risk of being offside with the SEC so if the SEC adopts that policy that’s bad for proof of work and it’s bad for Bitcoin mining because the first

Pioneers of this in the US were very concerned about being ESG compliant and they went to that market they went to the offset Market two weeks ago in the EU they tried to ban proof of work because they were so concerned about how much carbon it was doing now here’s why

Bitcoin mining is going to save the world if this policy gets implemented because it’s also in the ESG mandate that Larry f at Black Rock put in place and it’s also mentioned directly deep in the executive order of the president himself it’s a direct swipe at Bitcoin

Mining but why is Bitcoin mining good for the Earth because the next generation of Bitcoin Miners and some of them are represented right here are starting to work with energy that does not require carbon hydroelectricity and nuclear power wind and solar the drive to produce Bitcoin is so economic in

Value that they will go ahead and fund the next generation of machines and turbines 90% of dams built in America in the last 100 years contemplated hydroelectricity but never installed the turbines I’ll install the turbines why cuz it’s great economics if I can use that and not be hassled by a carbon

Audit this is the future of Bitcoin mining we will be developing power for all communities while we mine coin in an ethical and 100% green mandate that we can do with hydroelectricity this speaks to Montana it speaks to the Tennessee Valley up state New York Quebec Canada Northern

Norway all of these places Georgia have an abundance of unused hydro and that is the future of Bitcoin mining and it’s a good thing it provides for communities it provides extra power and the capital required for this is unlimited now the beautiful strategy here is when we get policy this is the

Lumis bill right here and there’s lots of good news in this thing when we make Bitcoin an allocation for institutions which they do not have yet what I predict will happen they will put between 50 basis points and three basis points or 300 basis points into their portfolios how much money is that

Trillions of dollars so if you want to see Bitcoin appreciate in value if you’re an advocate like I am because it’s software and it’s a property and maybe it’s a currency you want regulation you Embrace this and and you stand back and watch the capital pour

Into this and to celebrate this idea to the Moon I’m wearing my Snoopy Omega today that has Snoopy going to the moon on it this watch has gone up 4,000% in value in 24 months because of you you love Snoopy you love going to the

Moon you love this watch and so do I thank you very very much so there’s shock tank star Kevin o are now staunch advocate for Bitcoin and cryptocurrencies despite his significant losses in FTX O’s unwavering belief in crypto’s potential to transform the financial World remain strong his prediction of crypto becoming the 12th

Sector of the S&P 500 and becoming the greatest wealth transfer in history is a bold Vision that speaks to the transformative power of this digital asset class as we’ve heard with major plays like Black Rock and the upcoming Bitcoin ETFs recognizing Bitcoin as a legit legitimate asset we’re on the

Brink of a financial Revolution According To Oi the Bull Run of 2024 and 2025 could be a pivotal moment possibly the last opportunity to witness such a rapid wealth generation in the crypto space remember oi emphasizes that institutional investment will be the key driver of this parabolic rise in the

Crypto Market this is an Insight you can’t afford to overlook if you’re serious about understanding the future of Finance anyway guys hope you all enjoyed today’s video and every body do some value I’ll see you all in the next one and as always all the best