Bitcoin Will Hit $1 Million, Says Kevin O’Leary—But There’s a Quantum Catch
Kevin O’Leary said Bitcoin could reach $1 million, but only after the industry addresses the risk of quantum computers eventually breaking Bitcoin’s encryption. He believes that uncertainty keeps institutions from treating Bitcoin as a core holding. He used an $11 million Shohei Ohtani baseball card to argue that asset ownership should move on-chain and said tokenization could become the “12th sector” of the S&P, serving all other industries. Recent SEC rules allowing tokenized stocks reinforce that view. O’Leary has shifted away from betting on Ethereum as the dominant chain, arguing different industries will likely choose different blockchains. He also favors infrastructure tied to AI growth rather than specific AI winners, investing in power assets and uranium because AI needs electricity. On regulation, he expects crypto legislation to wait until after the midterms.
