Key Takeaways
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Kevin O’Leary has started buying new crypto positions ahead of what he believes will be the market’s next cycle.
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He said Bitcoin could eventually attract 1%–3% of institutional alternative-asset allocations, drawing a comparison with gold.
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Forbes calculated that this scenario could imply a Bitcoin price of $253,000 to $760,000.
Kevin O’Leary is buying crypto again, but it is his comparison between Bitcoin and institutional gold allocations that has produced the biggest number.
The Shark Tank investor believes Bitcoin…
