• Bitcoin ETFs, according to a Shark Tank star, will result in a trillion-dollar inflow

  • Kevin O’Leary (aka “Mr. Wonderful” on ABC’s “Shark Tank”), a celebrity investor, recently predicted that a trillion dollars could flow into Bitcoin if an exchange-traded fund is approved (ETF).

    In an interview, O’Leary stated that the approval of a Bitcoin ETF by the US Securities and Exchange Commission (SEC) could result in “another trillion dollars” being invested in Bitcoin.

    Most members of the financial services community, including O’Leary, are hoping for a decision on cryptoassets from the US regulatory body. O’Leary, who has become a vocal member of the Bitcoin investment community, stated that he will not participate in the cryptoassets industry if regulators deem it “not okay,” claiming that he cannot afford to be non-compliant.

    According to O’Leary:

    So let’s say I’m estimating the value of Bitcoin, the granddaddy of all cryptos… I believe there would be another trillion dollars invested in Bitcoin if the regulator finally allowed financial services companies to call it an asset and put it into an ETF in the United States, as they have in Canada and other countries.

    Given the growing interest in Bitcoin and other digital assets, O’Leary predicted that an ETF would be approved within the next few years.

    In addition to being bullish on decentralized finance, the Shark Tank star has been a growing proponent of cryptoassets, telling Anthony Pompliano in a recent interview that he would likely expand his investment portfolio to include 7% crypto (DeFi).

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