Bitcoin 2022 Conference: Kevin O’Leary Asserts BTC Potentials, Claims It would Save the Earth
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O’Leary noted that with insight from his experience in the indexing sector, large amounts of capital running into trillions of dollars are waiting for a concise policy. The TV star clarified: “It’s the survey of high net worth individuals, hedge funds, and retail investors,” elaborating:
“What we’re missing is policy. When we get policy and the regulator regulates, that’s not a negative thing. The spigots of capital are going to flood into this sector [as] you’ve never seen.
So for those of us that can invest in it now, you are going to get ahead of what’s going to be a huge wave of interest when policy occurs.”
O’Leary went on to make predictions about the trajectory of BTC, noting: “I predict in the next ten years that crypto, blockchain, bitcoin — all of this innovation — will be the 12th sector of the S&P.”
Mr. Wonderful, as he is popularly called, also explained why he believes Bitcoin mining would “save the world,” explaining:
“Why is bitcoin mining good for the Earth? Because the next generation of bitcoin miners … are starting to work with energy that does not require carbon — hydroelectricity and nuclear power, wind and solar.”
He continued: “The drive to produce bitcoin is so economic in value that they will go ahead and fund the next generation of machines and turbines.”
Key Bitcoin Levels to Watch — April 10
After failing to retake the 17-month-long ascending trendline in late March, Bitcoin has returned to sub-$43K levels following a poor end to last week’s session. BTC now struggles to prevent a looming slip to the $41K area as bulls and bears match each other in dominance over the last seven days, according to data from IntoTheBlock.
That said, the near-term price direction for the primary cryptocurrency is shrouded in uncertainty as bears are likely to come out on top in this fight.
Meanwhile, my resistance levels are at $43,000, $44,000, and $45,000, and my key support levels are at $42,000, $41,000, and $40,000.
Total Market Capitalization: $1.98 trillion
Bitcoin Market Capitalization: $811 billion
Bitcoin Dominance: 41%
Market Rank: #1
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