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Kevin O'Leary: Bitcoin could reach $200,000... and the crypto market only needs two coins
Investor Kevin O'Leary believes Bitcoin could reach between $150,000 and $200,000, but he links this to a key condition: the enactment of clear laws to regulate the cryptocurrency market in the United States.
The role of regulation
According to O'Leary, regulation is not just a legal step, but the key for major financial institutions to enter the market, which could increase demand and push prices to record levels.
Only two coins
He confirmed in an interview on Fox that investing in crypto only requires Bitcoin and Ethereum, considering that the other coins lack real value, and institutions see no reason to hold them.
A different view of Bitcoin
O'Leary points out that Bitcoin has an additional advantage, which is its ability to exploit unused energy and convert it into economic value.
Changing stance
Although he was previously a critic of cryptocurrencies, he changed his position as government support and market regulation increased, considering that this sector has become a genuine asset class.
*The published content does not constitute investment advice. Financial decisions are your personal responsibility, and we always recommend conducting your own research or consulting a specialist before making any investment move.
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