Kevin O'Leary: Returns to the Crypto Market, Focusing on the "Watershed Moment" of Major Exchanges Adopting Blockchain
According to The Block, Kevin O'Leary, chairman of O'Leary Ventures, stated at the New York Avalanche Summit that he has resumed buying cryptocurrency to position for the next cycle. He noted that the core issue in current crypto investment lies in determining which blockchain will achieve widespread adoption in which industry. He emphasized that the first major stock exchange to adopt blockchain would mark a "watershed moment" for the industry, as the entire financial ecosystem would then be forced to align with that chain's compliance requirements. O'Leary also mentioned that Bitcoin is expected to account for 1%~3% of alternative asset allocations, comparable to institutional gold holdings. On the regulatory front, he anticipates the Clarity Act will face difficulty passing before the midterm elections, but progress on digital asset tax policies will drive further regulatory implementation.
