{"id":12622,"date":"2022-06-08T17:31:40","date_gmt":"2022-06-08T17:31:40","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/crypto-regulation-will-welcome-new-capital-to-bitcoin-kevin-oleary\/"},"modified":"2022-06-08T17:31:40","modified_gmt":"2022-06-08T17:31:40","slug":"crypto-regulation-will-welcome-new-capital-to-bitcoin-kevin-oleary","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/crypto-regulation-will-welcome-new-capital-to-bitcoin-kevin-oleary\/","title":{"rendered":"Crypto Regulation Will Welcome New Capital to Bitcoin- Kevin O\u2019Leary"},"content":{"rendered":"

(Originally posted on : Crypto News – iGaming.org )<\/b>
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Popular investor and Shark Tank host Kevin O\u2019Leary argues in favor of regulation of the crypto industry as it will bring stability to Bitcoin<\/a> (BTC) and other crypto markets.<\/p>\n

Also referred to as \u201cMr Wonderful\u201d, O\u2019Leary said during his appearance<\/a> at a DC Blockchain Summit that before allocating part of their massive capital to Bitcoin, wealth funds and pension plans need regulatory clarity to mitigate risks.<\/p>\n

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\u201cIf we could get regulation, and I would argue if we could just regulate one coin in the beginning, let it be Bitcoin and one stablecoin, that would be fantastic. But staying on Bitcoin, here\u2019s what would happen: I\u2019m an indexer, I ask the sovereign wealth [fund], \u2018What allocation would you put into Bitcoin?\u2019 And the typical mandate for those guys, we have 11 sectors of the S&P, their rules are long-only, no more than 20% in any one sector, no more than 5% in any one stock. So they may initiate their index at Bitcoin at 50 basis points. When you\u2019re running a trillion-dollar mandate, that is a ton of money.\u201d<\/p>\n<\/blockquote>\n

He continued noting that the entry of sovereign wealth funds would limit Bitcoin\u2019s volatility while regulation would lead to higher demand and prices therefore.<\/p>\n

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\u201cIf they bought it at let\u2019s say $30,000, and their mandate is, let\u2019s say 1% weighting. And it goes to a 2% weighting. Within 90 days, they sell it back down to 1%. Or if it drops, they buy it back up. They are the eternal bid for the asset, and all of the sudden, [there is a] stability of Bitcoin, instead of having 50% swings every 12 months or more. That\u2019s gone forever.\u201d<\/p>\n<\/blockquote>\n

The Canadian businessman with an estimated worth of $400 million previously echoed similar sentiments noting that Bitcoin\u2019s price will skyrocket once institutions adapt the flagship cryptocurrency.<\/a><\/p>\n

At the time of writing, Bitcoin is moving hands at $30,476<\/a> according to CoinMarketCap<\/a> data, good for gains of 3.5% in the last 24 hour.<\/p>\n<\/p><\/div>\n