O'Leary's opinions on bitcoin

[Lens]

The legendary shark tank investor Kelvin O'Leary has a counter-prediction on the bitcoin revolution. We shouldn't expect bitcoin to double if it isn't bought by institutional whales, he said. "It will not double in price until institutional whales start to find reasons why they should buy bitcoin," he explained.

 

[Monster Masterpiece]

The reason behind most traders aren't using bitcoin is the high network fees mean they use alternatives like BCH.

 

[Lens]

The reason behind most traders aren't using bitcoin is the high network fees mean they use alternatives like BCH.

You notion is very correct. I believed that Bitcoin investment is meant for the whales and not for small investors like me. The statement made by O'Leary is very correct because bitcoin soared to the last all-time high when it was integrated buy Tesla in its payment option.

 

[Flower]

It seems his prediction is very correct . The institutional whales are the one to rescue bitcoin from a present deep. If we have a very big whales that would purchase a huge amount of Bitcoin, the price will increase.

 

[Efelexy]

The legendary shark tank investor Kelvin O'Leary has a counter-prediction on the bitcoin revolution. We shouldn't expect bitcoin to double if it isn't bought by institutional whales, he said. "It will not double in price until institutional whales start to find reasons why they should buy bitcoin," he explained.

This is very true because if big and smart money find no reason to invest further in bitcoin, it will keep declining and will never double. Hence the whales will have to be neck deep involve for significant positive change in bitcoin.

 

[Nomad]

Bitcoin is somewhere at $16K. I truly believe in the next bull run, bitcoin can go by 2-3X or even higher. However, no one knows when that period will come.

 

[Flower]

Bitcoin is somewhere at $16K. I truly believe in the next bull run, bitcoin can go by 2-3X or even higher. However, no one knows when that period will come.

What do you think will be responsible for the bull run in Bitcoin because as we speak there is no possibility that bitcoin is going to recover anytime soon.

 

[Nomad]

One of the reasons for the price drop is the global recession. If the economy is on the track, the crypto market will also start gaining value.

 

[Flower]

One of the reasons for the price drop is the global recession. If the economy is on the track, the crypto market will also start gaining value.

You have a valid point there but the economy of United States of America may not recover very soon because of the present situation. This is the aftermath of the monetary policies made during covid-19 and the interest rates increment policy may continue.

 

[Nomad]

You have a valid point there but the economy of United States of America may not recover very soon because of the present situation. This is the aftermath of the monetary policies made during covid-19 and the interest rates increment policy may continue.

Interest rates were hiked because of inflation. Inflation is the result of the global recession. So, if the recession comes down. everything will starting getting into order and the market will start gaining value.

 

[Lens]

Interest rates were hiked because of inflation. Inflation is the result of the global recession. So, if the recession comes down. everything will starting getting into order and the market will start gaining value.

Don't you think that we should also consider institutional whales holding large portion of bitcoin to come into play for the absolute revival of Bitcoin?