1029: Shark Tank’s Kevin O’Leary Says Bitcoin Won’t Break $25K Until One Major Thing Happens!

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3.6 • 626 Ratings

🗓️ 27 August 2022

⏱️ 22 minutes

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Summary

Shark Tank investor Kevin O’Leary is casting doubt on the ability of Bitcoin to rally above the $25,000 price level under the prevailing conditions. O’Leary says in a Stansberry Research interview that the BTC price is stagnating because the lack of cryptocurrency regulation is hindering institutional investment in the space. "I’m going to predict that crypto and particularly Bitcoin will be locked between $20,000 and $25,000 until we get policy. It’s not going to go anywhere because there’s not enough buyers. You need to tap trillions of dollars being managed by sovereign wealth, and they are not going to buy Bitcoin until there’s regulation.” Learn more about your ad choices. Visit megaphone.fm/adchoices

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0:29.6	In today's show, the Bitcoin price briefly loses $20,000 on a bunch of nothing.
0:35.4	Jerome Powell speech, including crypto analyst, crypto capo, Bitcoin
0:39.2	main idea, resistances, $22,500, and $23,000, expecting a bounce to one of these levels for a short
0:46.3	squeeze that would also trap longs again, since it would be an aggressive move, support $19,000,
0:52.5	break below here, and it goes straight to new lows. Main target,
0:56.1	$16,000, including the Paxville CEO. Colombia may be the next nation to make Bitcoin legal
1:01.8	tender. Why? Inflation is at an all-time high. And there is fear. It could be the next Venezuela.
1:07.6	Beautiful to see officials take action to help people on the street. It's happening,
1:11.2	folks. Get your Bitcoin now. According to Prince Philip of Serbia, can you hack it? No. Can you
1:16.4	destroy it? No. Can you stop it? No. I am very bullish on Bitcoin. According to Stacey Herbert,
1:22.6	El Salvador's Bitcoin country, proof is in the shirt. You can see Nijibokele rocking the
1:26.8	orange Bitcoin shirt.
1:28.1	And she also says, all the best and brightest are coming because President Nike Bokele has made the
1:32.9	impossible happen in just three short years. El Salvador went from the most dangerous country in the
1:37.3	world to the land of economic liberty, the place we want to be. Facts. Also in today's show,
	...

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