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"The spigots of capital are going to flood into this sector like you've never seen and so for those of us that can invest in it now you're getting ahead of what's going to be a huge wave of interest when policy occurs. I predict in the next 10 years crypt

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by COINS NEWS 174 Views

Kevin O'Leary gave a keynote at the Bitcoin Conference today in Miami and had tons of amazing things to say. I definitely recommend listening to the whole thing.

Check it out here: https://www.youtube.com/watch?v=UgoZGn6Y74g

First part of his speech:

Thank you everybody, i want to talk about indexing for a moment. Bow many of you know what that is if you're an institution, but let's say you're a very very wealthy middle east sovereign fund and you're managing i don't know 500 billion dollars and you don't need any more oil as an investment because you've already got that in the ground so you go to an indexer like me and say look give me the s&p less energy less airlines and that's what indexers do. So we as an industry get to see fund flows 24/7 every day and there are billions of dollars out there waiting for policy because for all the excitement about bitcoin, for all the excitement about crypto, for all of the wonderful productivity these products and blockchain and everything that's promised that you're going to be hearing about the next three days these massive pools of capital these trillion dollar pools own practically nothing. It's the purvey of high net worth individuals, hedge funds, and retail investors and that's okay but what we're missing is policy when we get policy and the regulator regulates that's not a negative thing. The spigots of capital are going to flood into this sector like you've never seen and so for those of us that can invest in it now you're getting ahead of what's going to be a huge wave of interest when policy occurs. i predict in the next 10 years that crypto, blockchain, bitcoin, all of this innovation will be the 12th sector of the s&p. Now why do i say that, because bitcoin is not a coin it's software, ethereum is software, avalanche is software, helium is software, solana is software, it's all software and the smartest hands-over keyboards today in the world are developing on the chain and bringing innovation to financial services which in the end is the largest sector on earth. Now what we need is policy, we need government to catch up with us so that we don't lose leadership in america to this very important 12th sector of the economy.

What do you guys think? Is he right? I personally think he made tons of great points and am super excited to see where crypto is in the next 10 years.

submitted by /u/gigabyteIO
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