Kevin O’Leary Predicts Crypto Will Become a Major Economic Sector

With the cryptocurrency market stabilizing and bitcoin regaining value, Kevin O’Leary, also known as 'Mr. Wonderful', is reaffirming his commitment to digital assets and calling for regulatory clarity to unlock the sector's full potential. In a recent interview, O’Leary stated that he believes cryptocurrency will become the 12th sector of the economy within the next five years. He outlined his approach to cryptocurrency investment, emphasizing the importance of traditional portfolio construction and preparing for the anticipated influx of institutional capital. O’Leary has allocated 19% of his portfolio to cryptocurrency and related equities, including direct exposure to cryptocurrency and shares in major exchanges like Coinbase and Robinhood. He favors USDC for yield, citing its higher returns compared to traditional savings accounts. However, he avoids bitcoin ETFs due to the associated fees and instead prefers direct investment in bitcoin. O’Leary also emphasized the need for regulatory compliance, stating that institutional adoption of cryptocurrency is contingent upon clear guidelines and infrastructure. He expressed optimism about upcoming stablecoin legislation in the US, predicting that its passage will pave the way for significant investment in the sector.