Shark Tank investor Kevin O’Leary is casting doubt on the ability of Bitcoin to rally above the $25,000 price level under the prevailing conditions.
O’Leary says in a Stansberry Research interview that the BTC price is stagnating because the lack of cryptocurrency regulation is hindering institutional investment in the space.
"I’m going to predict that crypto and particularly Bitcoin will be locked between $20,000 and $25,000 until we get policy. It’s not going to go anywhere because there’s not enough buyers. You need to tap trillions of dollars being managed by sovereign wealth, and they are not going to buy Bitcoin until there’s regulation.”
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