Kevin O’Leary says he is buying crypto again and expects Bitcoin (BTC) to claim 1% to 3% of institutional alternative-asset allocations.

Key Points:

• O’Leary says he is opening new crypto positions ahead of the next market cycle.
• He calls the first major stock exchange to adopt a blockchain a pivotal moment for the industry.
• He expects the stalled Clarity Act to return a quarter or two after the midterms.

O’Leary Buys Crypto Positions

The O’Leary Ventures chairman told an interviewer at the Avalanche Summit in New York that he is “back in the saddle buying new positions, putting my bets on for this next cycle.” The next phase of crypto investing, he said, is working out which blockchain wins broad adoption, and in which industry it…