HUGE! I’m Bullish On These Cryptocurrencies in 2024 – Kevin O’Leary 2024 Bitcoin Prediction

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Shark Tank Star Kevin O’Leary like so many other investors has come a long way from a few years ago to being strongly positioned against Bitcoin and Cryptocurrency to now being one of it’s biggest bulls & it making up a substantial position in his portfolio.

Despite the massive blunder that was FTX in which Kevin O’Leary lost millions, Kevin still believes strongly in the crypto space & extremely bullish on its future.

In his latest interview, Kevin explains why despite everything that has happened, nothing has changed for crypto.

He believes crypto is going to explode over the course of the next decade & he want’s a slice

Make sure to stick around to the end of the video where O’Leary breaks down his entire crypto thesis & explains why he believes the future of crypto currency lies in the Middle East and Not the United States. Which is why he is making strategic investments in that area.

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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HUGE! I’m Bullish On These Cryptocurrencies in 2024 – Kevin O’Leary 2024 Bitcoin Prediction

But you talk about the other 70% of Bitcoin where’s it going to go it’s going to leave binance and go on to M2 where it’s safe that’s my whole premise and I’m going to keep flying every quarter to Abu Dhabi because that’s the new capital of capital I’m really

Excited about that and I’m really long Bitcoin ethereum poly you know manic is a big one for me too Al Garand um polygon I I look at it these are Big asset moves in the last year 20 30 40% but people that counted out crypto just saying that it’s only the US

Got it wrong Shark Tank star Kevin oir like so many other investors has come a long way from a few years ago being strongly positioned against Bitcoin and cryptocurrency to now being one of its biggest bulls and it making up a substantial position in his portfolio despite the massive blunder that was FDX

In which Kevin o lost tens of millions Kevin still believes strongly in the crypto space and is extremely bullish on its future in his latest interview Kevin explains why despite everything that has happened nothing has changed for crypto he believes crypto is going to explode over the course of the next decade and

He wants a slice make sure to stick around to the end of the video where oir breaks down his entire crypto thesis and explains why he believes the future of cryptocurrency lies in the Middle East and not in the United States also guys if you want to stay most up to date on

The crypto and Bitcoin World make sure to subscribe to my daily 5minute crypto newsletter it gives the latest expert predictions any breaking news and top onchain analysis all in a nutshell click the first link in the description to join Over 40,000 others in becoming a better crypto investor right now now

Here’s Kevin o with why he’s remaining bullish on the future of crypto some really big things happen to change institutional interest to the upside in crypto the big hold back on bitcoin and ethereum the grand daddies of crypto has been the fact that institutions particularly Sovereign wealth have not

Allocated their traditional one to 3% of this asset class while they’re waiting for the regulator to approve it now as you well know FTX history binance litigated into Oblivion its founder a largest shareholder now a convicted felon going to prison in March in the US that’s a big problem for institutions

That want to keep their B accounts and so the big news that occurred in the brick and morar if you want to call it that of exchanges the pick and shovels of crypto in other words if you’re an institution and you’re going to park a billion dollars somewhere you got to

Have a compliant exchange and that’s not coinbase because they’re being sued by guinsler 2 and remember everybody and this is crucial to the long-term prognosis of Bitcoin and crypto only 38% of it is held in North America the rest is all around the world so the big

Question is where are the billions going to go that used to be on binance and the answer is what occurred last month in Abu Dhabi the launch of the M2 exchange backed by Sovereign wealth the largest of its kind in terms of financial backing not yet tied to Behemoth

Institutions that’s very good news you know here’s the problem if you’re Fidelity you’re black rock your black stone or you’re one of these behemoths you operate on 100% compliance every day and so you’re not going to take down a 1 to 3% allocation of some extreme situation in Bitcoin when gendler’s

Litigating everybody in North America and so if we don’t get the ETF that will signal that there’s more work to be done in the regulatory environment and I’d say that’s 5050 but that doesn’t change the trajectory of what Bitcoin could become because let’s think about uh that

Going back to M2 who owns M2 well the largest Sovereign is actually Sovereign wealth that owns it 70% of it held by Sovereign wealth but there’s a company called Phoenix group that just went public on the adx and I want to talk about this because I became a

Shareholder in that on the premise that that is going to be one way I can own M2 because North American traders can’t open accounts on M2 yet you can’t do it in Canada you can’t do it in the US although there’s a lot of countries can

And so the way to own a piece of M2 is to own Phoenix PHX on the adx that’s the exchange in Abu Dhabi and everybody said and I went over there for the opening I flew all the way there to understand this because I’m a big guy on the long

Term of crypto but I like picks and shovels I like the exchange idea as you know I own a big position in wondery in Canada we have now have a million accounts here since we last talked that whole sector in Canada’s Consolidated wndr look at that chart it was 10 cents

Now it’s 34 in the year so it’s had a big move too and I think there’ll be more consolidation in the Canadian Market but to own Phoenix means you own 30% of M2 and so I found that I could open an account as a North American resident by using international

Securities you can download that app on your iPhone do your know your client upload it’s a it’s a headache like anybody and opening any account anywhere then I wired the dough over there into AED it sounds complicated I bought the IPO I’m up 30% and I’m going to hold that for the

Next two years because I think M2 and Phoenix are going in One Direction up sure it’s a speculation but you talk about the other 70% of Bitcoin where’s it going to go it’s going to leave binance and go on to M2 where it’s safe that’s my whole premise and I’m going to

Keep flying every quarter to Abu Dhabi because that’s the new capital of capital I’m really excited about that and I’m really long Bitcoin ethereum poly you know manic is a big one for me too Al Garand um polygon I I look at it these are Big asset moves in the last

Year 20 30 40% but people that counted out crypto just saying that it’s only the US got it wrong well I went to the hearings last month actually it’s about 8 weeks ago in Washington DC I go to DC now almost once a month just to keep a

Tone on what’s a h what’s happening because I’m also interested in digital payment systems like usdc and there’s that digital payment systems Bill the stable coin Bill going through Congress too anyways I listened to uh senators and congressmen and women grilling gendler for about two hours on the

Hill and you know that guy was taking Balls of Fire being thrown at him but he held his own because he has a basic premise that until this is regulated under the existing rules he’s just not going to allow it and he was also bolstered by the fact that he was the

Guy that went after binance you remember how that played out and he basically won that situation and CZ flew from Dubai all the way to Seattle and is working it out and I don’t know how long he’s going to spend in prison but gendler’s not finished a lot of people think that

Binance is settled they haven’t settled with the SEC yet that’s the problem so after the couple of years in prison then it’s got to be settling with the SEC it could take a while and he’s going after coinbase as well so if you’re going to have an ETF and you’re going to do

Creates every day you need spot pricing on a massive liquid exchange well where’s that going to be if gendler’s suing them all now I hope I’m wrong you don’t have to wait that long we’re going to go through to New Year’s then we’re going to get December or January 10th

And you’ll know and if I’m wrong you’re going to get a big move up in Bitcoin but even if I’m right and gendler punts it and says I’m GNA wait no one’s going to take him up on it that they’ve begun to understand that he wins most of the

Fights he starts remember coinbase is going into round four in litigation with Gensler they’ve lost the first three over the last three years the chance they win the fourth in my view zero so you can’t win against the regulator and really what coinbase is asking is change

The law guys it ain’t gonna happen so you have to realize you got to be dealt the hand and work with the hand you’re dealt with and I think that until gendler’s done by getting everybody to play with coin anything in crypto particularly Bitcoin ETFs by existing

Rules of Securities he’s not going to press the button to say go but I don’t think that’s the end of the world that’s only 35% of the market the rest that’s going to M2 the digitization of content whether it’s the way you’re driving your information to people watching Trader TV

All around the world which changed so much in the last 36 months you continue to grow because people find you wherever they want to find you because of digitization companies like Microsoft Amazon and Google have figured that out too and every individual only has so

Many hours of the day on stuff they can do and watch and so you want to try and capture as much time as you can from them this is causing major headaches for traditional television and cable networks and so yes they’re going to expand out of their comfort zone

Particularly Amazon going into Thursday Night Football obviously that has not hurt the market capitalization of the stock even though that makes them no money but it exposes them to more families and an Amazon smiling brand logo and all of that is occurring now regarding the regulator

And that is a great question is what I’ve learned learned and I’ve been doing this a long time is I treat the regulator as your friend you got to go sit down with their staffers off the Record like I do and find out what they’re thinking you can’t win when you

Go to war against the regulator because the shareholders don’t want to be part of that war and you’re not going to win anyways they have unlimited unlimited resources you got to find the compromise and regulation prior to doing the deal find out what you think is going to work by

Asking them now maybe they don’t give you the answer you want they’re not going to pave it for you but at least you’re going to understand the sensitive areas where you can’t trade the smart managers do that the men and women that are protecting their stock prices go and

Do that gendler’s door is open or the Federal Trade Commission door it’s open you can give them a call and sit down in Washington and ask them sit down and talk to them it’s not that hard to do that’s the new way I think about it I

Want to make a deal with these guys I don’t want to go to war with them you make zero money doing that chips and you’re right there’s a fundamental change going on in the economy so I care a lot about Ai and how it’s going to add

Productivity to all 11 sectors of the S&P but none of that’s going to happen without data centers and so the other aspect that I’m playing into on the Phoenix if you look at what they do these guys are data center guys and why are they so big in data centers because

They’re one of the largest miners of Bitcoin in the world that’s what you don’t know about Phoenix they’re probably number one now globally they operate in almost every continent but in building out these data centers you have to become really strong at understanding the infrastructure of what it takes to

Have an AI Data Center and because of the Ukraine war and this is a very interesting Theory but I’m backing it with my BS is in the old days if you’re a General Motors or the IRS or you’re an American Bank you didn’t give a damn where your data center was you just

Wanted lowcost electricity and that was the Ukraine their hyra was the cheapest they had all kinds of data centers then you got the Putin tanks rolling right over data centers and everybody wakes up and goes yikes where are these data centers so now in the US and in Ireland

And in Canada and the United Arab Emirates and in Switzerland France everybody and every Sovereign government wants their own data center on their own Sovereign soil with lowcost power and that’s what Phoenix does there’s another company over there too called g42 and and what you should know about

The UAE and I’m learning more about this place every time I go over they own and the mubadala the chair of muas on the board of global Foundry those boys own 20% of global Foundry the third largest chip maker in the world so they can make the data centers anywhere they want so

If you’re in North Dakota and you want to build a $1.2 billion data center for the IRS in North Dakota which is where the one of the safest states in the union is you’re going to have to get the chips and you’re going to work with companies like Phoenix and g42 and

That’s where I’m betting I’m betting over the next two years that every guy in his dog in every state is going to want a data center there because they want the SEC security of where that information is and they want to know it’s safe and it’s in a place where no

Foreign entity can run a tank over it and I’ll tell you 2024 is going to be people because rates are probably going to stay at five and a half terminal rate everybody’s thinking F you know that that the fed’s going to lower it in March I don’t think so I think they’re

Going to kind of wait till they get the real 2% inflation particularly in food we are in an election year they won’t raise it anymore but they’re not going to drop it down as fast as people think so you got to kind of think your names

In a five and a half % World which means a 7% mortgage an 8% car loan but that’s faked into the market right now and the US economy continues to do quite well and I’m hoping and I’m sure everybody’s hopeful that you know we’re going to resolve this Ukraine thing at some point

And certainly we want to resolve what’s going on in the Middle East that’s a horrible situation for everybody involved and these things could be you know I think stimulus for markets around the world when they get resolved so there’s Kevin o with his unwavering confidence in the crypto space despite

Facing significant setbacks his belief in the sector’s potential remains solid Kevin’s Journey from skepticism to becoming a major Advocate and investor in crypto is a testament to his foresight and adaptability Kevin has not only reaffirmed his bullish stance but also revealed his strategic Vision his insight into why the epicenter of

Crypto’s future might shift to the Middle East is a perspective that you won’t want to miss it’s not just about understanding the market it’s about foreseeing where the next big wave is going to hit and remember if you’re keen on navigating the ever evolving landscape of crypto and Bitcoin my daily

5-minute crypto newsletter is your essential guide it’s packed with expert predictions breaking news and comprehensive onchain analysis all aimed at refining your investment strategies don’t miss out just click the first link in the description to join a community of over 40,000 like-minded individuals anyway guys hope you all enjoyed today’s

Video and that provided you with some value I’ll see you all in the next one and as always all the best