Kevin O’Leary Sees Massive Bitcoin Upside Potential

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Just last year, Shark Tank star Kevin O’Leary was still bearish on Bitcoin. During a heated exchange with Anthony Pompliano, he predicted back in December of 2020 that men would be crying in the street if regulators ever stepped into crypto.

In March of 2021, as Bitcoin had passed $50,000, he changed his tune and finally invested 3% of his portfolio. Kevin, who’s known as Mr Wonderful, touted the virtue of crypto since then.

Institutional client

Now that Bitcoin has fallen to levels of $30k, Kevin explained in an interview that as soon as the cryptosphere changes its narrative on sustainable energy, there is a massive upside up for grabs.

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Speaking at the Bitcoin 2021 Conference in Miami, O’Leary explained the ESG problem of crypto.

O’Leary explained:

It’s both a huge problem and a massive opportunity, I prefer to look at the opportunity. I called it out on that Yahoo Finance interview, and the proverbial poo poo hit the fan. I took a lot of flack, but it’s obviously on the mind of the institutional client.

At the end of the day, there’s a new sheriff in town, it’s called ESG. Every single institution, including from Larry Fink on down at BlackRock who put out his ESG letter, his sustainability mandate, this used to be fringe, it’s not fringe anymore. You have to be sustainable in terms of how you look at investing, or you’re going to lose your investor.

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