Cryptocurrency Market Structure Legislation
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Kevin O'Leary Reveals He's Still Long Bitcoin Despite The 'Brutal Correction,' But Warns About 'Something Bigger' Happening Underneath - Coinbase Global (NASDAQ:COIN)
Benzinga· 2026-02-17 07:03
Core Viewpoint - Concerns over quantum computing are causing institutional investors to hesitate in increasing their Bitcoin exposure, with a predicted maximum allocation of 3% until these concerns are addressed [1][2]. Group 1: Institutional Investment Concerns - Kevin O'Leary highlighted that the potential of quantum computers breaking Bitcoin's security is making institutions cautious about their investments [2][4]. - BlackRock recommends a Bitcoin allocation of only 1% to 2% in multi-asset portfolios, reflecting a conservative approach among major asset managers [3]. Group 2: Market Predictions and Trends - O'Leary anticipates that cryptocurrency market structure legislation will be passed before the midterm elections, with a specific date suggested as May 15 [5]. - As of the latest data, Bitcoin was trading at $68,166.08, showing a slight decline of 0.27% over the past 24 hours [5].