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Crypto markets to be open for Institutional Investors: signifies Kevin O’Leary

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  • The Crypto Industry has been witnessing quite a lot of changes lately, with more and more authorities and countries giving it a thought.
  • Kevin O’Leary aka Mr. Wonderful recently revealed that the U.S. Lawmakers are thinking of taking another decision related to the crypto industry.
  • Earlier he expressed that he expects Bitcoin price to appreciate dramatically in a couple of years when the institutions can finally buy it.

U.S. Lawmakers have been quite decisive regarding the crypto industry in the recent past. And now, Shark Tank Kevin O’Leary has disclosed that a group of U.S. lawmakers are working on a policy that focuses on opening crypto markets to institutional investors. 

Kevin O’Leary, popularly known as Mr. Wonderful revealed through a series of Tweets that he had a bipartisan meeting with a bunch of U.S. lawmakers to discuss the crypto regulations. 

He highlighted in his Tweet that he spent his day at the Senate with a bipartisan group of policymakers who get the joke on crypto. And that they are working on a policy that would open these markets to institutional investors. He further added that they are all over it and see it as a tremendous opportunity once they pass the policy. 

It seems that the meeting ended up with the Lawmakers being proactive in the regard as Kevin expressed him feeling optimistic. 

Mr. Wonderful also thanked Cynthia Lummis, a Senator to host the meeting who replied that it was great to have Kevin in the meeting and cited that she is feeling bullish and big things are coming. 

The Shark Tank is a crypto enthusiast and made another Tweet related to the crypto sector in which he underlined that Bitcoin, Ethereum, Polygon, all these blockchains are all software. And the growth rate of these new innovations are phenomenal. He further opined that there’s capital coming from all over the world. 

He is a Canadian businessman, author, politician, entrepreneur, and television presenter. Kevin O’Leary is one of the big crypto supporters and has often said that institutional investors have been waiting to invest in Bitcoin and other crypto-assets. Last month he expressed his expectations from Bitcoin. He said that the price might appreciate dramatically in two to three years when institutions can finally buy Bitcoin. These instances clearly say that he sees a bright future for the asset class. 

Although it is to look forward to when exactly the policy will come into action, this decision might bring a lot of opportunities if the law gets passed. The world of cryptocurrency would then be open to billions of dollars and would bring a massive change in the sector. Anyway, a lot has been happening lately, like the Russia Ukraine war affecting the crypto sector and the prices. Crypto being a volatile industry often sees skepticism hovering around it but no matter what it has made a significant position in the finance world. 

ALSO READ: 4 biggest South Korean crypto platforms prohibited Russian users

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