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Shark Tank investor Kevin O’Leary notes a group of investors ready to change the crypto markets. Of course, this will happen when they pour in their capital into the industry.
Furthermore, Kevin discusses this with Bitcoin bull Anthony Pompliano on The Best Business Show. Shark Tank investor notes that there is going to be a huge move for crypto. Also, noting this is exactly when higher funds in the Middle East invest in digital assets.
So, Shark Tank investor Kevin O’Leary explains.
“The real opportunity is not with the family offices or hedge funds that operate out of the Middle East…”
“The real money is in the actual sovereign funds in both Saudi Arabia and…”
“…the United Arab Emirates. It’s billions and billions and billions of dollars…”
Then, Shark Tank investor Kevin O’Leary continues.
“They have not allocated to crypto yet. When that happens, you’ll see it reflected in the price of Bitcoin…”
“There’s no question about it. They have such long-term views in those funds, and the funds are so large.”
Furthermore, Shark Tank investor Kevin O’Leary considers the size and number of the funds. Then, he goes to say that at least 1% allocation will have much result in the markets.
“They generally abide by discipline and principles of risk diversification,..”
“so they may have a mandate, for example, that no stock represent more than 5%…”
“of the fund or no sector more than 20%. Those are diversification…”
“mandates that are used all around the world, and they do that there, too.”
Notably, Shark Tank investor Kevin O’Leary explains better.
“But when you’re dealing with a multi-billion dollar mandate, and some of these,..”
“they’re the largest pools of capital in the world…”
“A 1% allocation is a tremendous amount of money.”
Additionally, The Shark Tank investor Kevin O’Leary confirms that Bitcoin is the only digital asset on the Investor’s focus. More so, He goes on to make predictions of them allocating 1-3% just on BTC.
“I speak to those guys almost every day. They would immediately go to 1% to 3% on Bitcoin alone…”
“Just Bitcoin, let alone Ethereum or any level-1 or level-2s on the chain…”
“They haven’t even thought about that. They’re just thinking about Bitcoin and owning that as an asset…”
Lastly, The Shark Tank investor Kevin O’Leary concludes.
“The amount of capital that will come into this market when the regulator approves Bitcoin as an asset…”
“or currency or a security, or whatever they’re going to regulate it as is going to be unbelievable.”