Influential investor and media personality Kevin O'Leary anticipated regulatory clarity to be the key driver for the next phase of Bitcoin (CRYPTO: BTC) and cryptocurrency adoption.
'Real' Crypto Catalyst Awaited O'Leary posted on X a clip from his Fox interview aired on Tuesday, in which he said that Bitcoin's growth has stalled because the "real catalyst" for the next wave of cryptocurrency growth has yet to arrive.
"Large institutions, pension funds, and sovereign wealth funds are waiting for regulatory clarity before making meaningful allocations to Bitcoin and digital assets," the "Shark Tank" star stated.
"That's why I believe the next phase of crypto adoption will be driven less by speculation and more by legislation." A lot of investors expected Bitcoin to take off after breaking through new highs, but in my view the real catalyst still hasn't arrived.
Large institutions, pension funds, and sovereign wealth funds are waiting for regulatory clarity before making meaningful allocations to… pic.twitter.com/pEFrwEcueq— Kevin O'Leary aka Mr.
