Kevin O’Leary Reveals He’s Still Long Bitcoin Despite The ‘Brutal Correction,’ But Warns About ‘Something Bigger’ Happening Underneath

Renowned investor Kevin O’Leary said Monday that fears over quantum computing would deter institutional investors from increasing exposure to Bitcoin (CRYPTO: BTC).

Will Quantum Computing Slow Down Institutional Investment?

O’Leary took to X, adding a clip from his recent interview with Fox Business, where he revealed he’s still long on Bitcoin but that quantum computing risks have started to rattle some investors.

“The idea that a quantum computer could eventually break the chain is making institutions hesitate, and until that gets resolved, don’t expect them to go beyond a 3% allocation,” the “Shark Tank” star said.

Notably, BlackRock, the world’s largest asset management company, recommends a Bitcoin allocation of 1% to 2% in multi-asset portfolios.

Full story available on Benzinga.com