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Bitcoin Will Hit $1 Million, Confirms Kevin O’Leary—But There’s a Quantum Catch

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Shark Tank's Kevin O'Leary.

They're back in ultra bullish mode again, and "Shark Tank" star Kevin O'Leary put a number on Bitcoin’s endgame: $1 million.

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Summary

Kevin O'Leary thinks Bitcoin could hit $1 million if the industry resolves the quantum computing threat known as "Q-Day. O'Leary said his old thesis that Bitcoin and Ethereum alone capture crypto's upside was wrong, and now bets industries will standardize on whichever blockchain their exchanges pick first. Instead of betting on individual AI models, O'Leary is investing in the power grid behind them, including a first-ever position in uranium to back next-generation nuclear reactors. Speaking with The Rollup podcast at Avalanche Summit in New York, the famed investor said Bitcoin’s path to seven figures rungs through a risk nobody’s solved yet: Quantum computers powerful enough to break the encryption behind the whole technology.

Read full article at Decrypt →

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