#KevinOLeary #CryptoInvestment #Bitcoin #SpotBitcoinETF #SEC #Cryptocurrency #InstitutionalInterest #CryptoRegulation
Kevin O’Leary, widely recognized as Mr. Wonderful from Shark Tank, has expressed his belief that institutional interest in crypto will remain robust, irrespective of the SEC’s decision concerning spot Bitcoin ETFs. He holds that even a negative decision wouldn’t detract from the long-term growth potential of cryptocurrencies.
As the Chairman of O’Leary Ventures, Kevin provided his insights on the potential impact of the SEC approving spot Bitcoin ETFs on institutional interest in crypto. He remarks that Bitcoin’s notable appreciation is due in large part to anticipation of the SEC endorsing the first Bitcoin ETF before zJan 10th. Nevertheless, he highlighted on the X social media platform that SEC’s Gary Gensler has not indicated any specific timeline for Bitcoin ETF approval. Consequently, O’Leary forecasts that a spot Bitcoin ETF may not receive approval. Despite this, he maintains that such a decision will not impede cryptocurrencies’ momentum or the rising institutional interest in them.
Image: https://weeklyfinancenews.online/wp-content/uploads/2023/08/RANKING-1.png
Comments are closed.