Massive Amount Of Money To Reach Bitcoin And Crypto Markets | CryptoGazette
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Shark Tank investor Kevin O’Leary said that the regulatory clarity will be allowing the institutional capital to flow into the crypto markets.
During a new interview with Kitco News, it’s been revealed that O’Leary discusses US Senator Lummis and Senator Gillibrand’s latest proposal for a crypto regulatory framework.
“I’m coming to the conclusion, particularly after the feedback from the institutions here at the [Bitcoin 2022] conference, [that we] will take any regulations. Give us anything. I mean, we’re going to make the assumption, because it’s bipartisan and they’ve taken so much input from the industry, that we’ll get something that’s workable.”
The senator revealed the following as well:
“It may not be perfect, but the reason you care, as an investor, is the reason would want Lummis to be successful… Is that the institutional capital is like a giant dam, a wall of money, that can’t invest yet. So it’s a spigot of capital in the trillions of dollars – not a dime of it has been put into crypto yet. Can you imagine what would happen to asset values if they started to allocate? That’s the investment there.”
Institutional interest in the crypto markets
He also said that the institutional interest in the crypto markets is also important.
“While there has been talk of institutional interest in the crypto markets, O’Leary says that relatively speaking, there has been “practically zero.”
He said that regulators need to give the big investors the greenlight before their capital starts flowing in.
He also said that when you talk to sovereign wealth and large pensions there is nothing, but primarily it’s private wealth, family wealth, hedge funds, smaller institutions that used to buy the publicly traded shares of Bitcoin miners, and more.
Stay tuned for more news and make sure to keep your eyes on the market these days. Following recent corrections, the crypto market looks better today with the most important coins trading in the green.
Despite the massive market volatility, there are various optimistic crypto predictions these days about the prices of digital assets.
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