Kevin O'Leary Says Until Bitcoin Hits This Level And Gets 'Fully Regulated,' Owning Electricity Will Be More 'Valuable' Than BTC Itself

Core Insights - Renowned investor Kevin O'Leary emphasizes the importance of owning energy infrastructure in the cryptocurrency sector, suggesting that electricity can be more valuable than Bitcoin at the right price [1][4]. Group 1: Energy Infrastructure and Bitcoin Mining - O'Leary highlights that Bitzero, a Canadian energy infrastructure firm, is leasing power for high-performance computing and Bitcoin mining, indicating that controlling energy infrastructure allows for flexible choices between leasing power or mining Bitcoin [2][3]. - The cost to mine one Bitcoin at Bitzero is reported to be $56,000, which is significantly lower than the current market price, showcasing the potential profitability of low-cost electricity in Bitcoin mining [3][4]. Group 2: Market Predictions and Regulatory Clarity - O'Leary predicts that Bitcoin's value will increase to between $150,000 and $200,000 once regulatory clarity is achieved, suggesting that this clarity is essential for capturing value in the cryptocurrency market [4]. - He dismisses altcoins as lacking institutional appeal and forecasts that the passage of the CLARITY Act will lead institutions to have "no reason to own them" [4]. Group 3: Investment Strategy - O'Leary has previously stated that owning Bitcoin and Ethereum alone can capture 97.5% of the cryptocurrency market's volatility and yield, indicating a strategic focus on these major cryptocurrencies over altcoins [5][7]. - The emphasis on owning underlying infrastructure for cryptocurrencies is a recurring theme in O'Leary's investment strategy, as he has invested in various cryptocurrency infrastructure companies [5].