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Mister Wonderful” sees a very high Bitcoin in “2 or 3 years”

Canadian entrepreneur Kevin O'Leary said that the price of Bitcoin will increase "significantly" within 2 or 3 years with the influx of institutional players.

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In these complicated times for the crypto markets, it is always good to hear optimistic opinions. Exactly, recently, Kevin O’Leary, a Canadian entrepreneur reiterated his confidence in Bitcoin.

 

Kevin O’Leary Remains Very Confident About The Future Of Bitcoin

 

Kevin O’Leary is a Canadian entrepreneur. His successes earned him the nickname “Mister Wonderful”. During an interview, he gave his opinion on the future of Bitcoin. Despite the current situation, he expressed confidence that the price of Bitcoin should increase “considerably” within 2 or 3 years. The reason ? For him, many companies and institutional players would like to invest in Bitcoin but have not yet done so for legal reasons. Once these brakes are lifted, we should see a rush of these companies on Bitcoin which will propel its course. For him, it could happen in 2 or 3 years.

“Bitcoin around $100,000, $200,000, $300,000 is going to happen when the institutions start buying it. (…)” Kevin O’Leary, entrepreneur

Beyond his optimism (good to take right now), it’s worth remembering that Kevin O’Leary changed his mind about Bitcoin. Indeed, in the past, he has not always been very soft on Bitcoin and had previously called it “Trash.”

 

Bitcoin, Software Like Microsoft Or Google

 

Moreover, Kevin O’Leary sees cryptos as software. Just as most companies use Microsoft software for their operation, soon they will use cryptos like Bitcoin.

“These institutions own Microsoft. They own Google. It’s also [Bitcoin] software, so it’s easy for them to get started. As soon as Bitcoin becomes compatible, they will buy shares of it between 1 and 3% and this is what will propel the price. I think that will happen in the next 2 or 3 years. »Kevin O’Leary, entrepreneur

Speaking of compatibility, Kevin O’Leary refers to the fact that at the moment US regulators do not yet officially consider Bitcoin as an asset . Unlike in Canada, Bitcoin cannot be traded on conventional markets either in the form of an ETF in the United States.

 

Bitcoin Price

 

The Bitcoin price is heavily impacted by the situation at the borders of Ukraine. Thus, the price of Bitcoin is down almost 10% over the last 7 days . Currently, the price of BTC is €34,000. As a reminder, the record Bitcoin price was reached on November 10, 2021 with a price of €60,661.

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