Bitcoin · Ethereum · New York · Decrypt
Bitcoin Will Hit $1 Million, Confirms Kevin O’Leary—But There’s a Quantum Catch
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They're back in ultra bullish mode again, and "Shark Tank" star Kevin O'Leary put a number on Bitcoin’s endgame: $1 million.
Key facts
- Timestamps: 00:00 Intro 00:41 Kevin Wears $11M Ohtani Card 02:27 Tokenization Becomes The 12th S&P Sector 03:09 Kevin Was Wrong About ETH 05:30 One Exchange Will Win 07:18 Kevin Buys Uranium In His Portfolio… pic.twitter
- The investor and media personality was draped in a Shohei Ohtani 1-of-1 collectible, sealed inside a Tiffany-made holder with 110 carats of diamonds and 2.2 pounds of white gold
- They're back in ultra bullish mode again, and "Shark Tank" star Kevin O'Leary put a number on Bitcoin’s endgame: $1 million
- Then came the trillion-dollar question: Will Bitcoin ever hit $1 million
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.