TL;DR Breakdown: Kevin O’Leary wants to raise his crypto holdings to seven percent of his portfolio later this year.He believes trillions of dollars will flow into the crypto market if regulators recognize crypto as an institutional-grade asset. While speaking with CNBC on Monday, the chairman of O’Shares ETFs, Kevin O’Leary, mentioned that there are “trillions of dollars of interest waiting to come on board” if regulators would recognize and regulate crypto as institutional-grade assets. According to him, there are US Investors pending moves to cryptocurrency because the regulators are yet to provide regulations for the emerging asset. “I don’t want to get involved in crypto if the regulator says it’s not okay. […] I can’t afford to be offside, I cannot afford to be non-compliant,” Kevin O’Leary said. Kevin O’Leary wants to double his crypto portfolio It remains unknown when the US regulators will finally introduce regulatory guidelines for the cryptocurrency market. However, “trillions of dollars” are waiting to pour into the market when the regulators finally recognize crypto as an institutional asset class, including the approval of bitcoin-based exchange-traded funds, according to Kevin O’Leary. In anticipation of this, the O’Shares ETFs chairman is bullish on crypto, and he’s looking to double his crypto hol...
