Kevin O'Leary: “There’s no chance bitcoin is going to be banned.”

March 28, 2022

The well-known multi-millionaire Kevin O’Leary said that bitcoin can not be banned as it holds several economic promises.

The Shark Tank star said banning bitcoin and other cryptocurrencies was no longer an existential threat.

The Canadian entrepreneur opined that once regulations are in place, major institutions will pour trillions of dollars in the industry.

Earlier this month, the celebrity investor revealed that 20% of his portfolio is in cryptocurrencies and blockchain.

The famous investor had also revealed that he’s invested in at least one private bitcoin mining facility.

Earlier this year, Kevin O’Leary opined that bitcoin won’t hit $300,000 until institutions start buying the cryptocurrency.

O’Leary believes US regulators are going to rule on cryptocurrencies within the next 2 or 3 years.