Once we get the large institutions and sovereign wealth funds in, and a recession/soft landing I think the time of Crypto MANIA will come. 24/25ish. And then the Great Retracement?? ---Here's what Shark Tanks' Kevin O'leary said.
Most large institutions want a position in crypto and they want the granddaddy crypto. They want Bitcoin. They can’t buy it yet… I service the institutions and the sovereign funds with indexing, and they all tell me they want to index for Bitcoin but they can’t buy it. They don’t have any policy. They don’t have any compliance infrastructure. So we got to get this done.”
The popular venture capitalist also says that a huge amount of capital could flow into the crypto markets if policies are set in place for Bitcoin and stablecoins.
“In terms of price appreciation, I believe it will be dramatic. You could have a gap up [of] 10%, 15%, 20%, [or] 25% overnight because you’ve opened up trillions of dollars worth of access to a new asset class. That doesn’t happen too often.”
O’Leary predicts that policies could get enacted for BTC in the next six to 12 months.
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