It should be noted that the Canadian investor quite often comments on the topic of cryptocurrencies and related industries. For example, last week he stated that the cryptocurrency mining niche will literally save the world. The reason for this is the willingness of miners to look for new sources of energy that will have a positive impact on the industry. You can read more of his point of view at the link.

What’s going to happen to Bitcoin

In a recent interview, the host of the popular TV show Shark Tank reiterated his support for crypto innovation. O’Leary predicts that Bitcoin will “never fall to zero” because it has already become a means of capital accumulation among many investors. The millionaire compared crypto to gold and admitted that he has allocated five per cent of his total investment portfolio to each of these assets.

Here’s the expert’s rejoinder, in which he shares his perception of what’s happening.

Bitcoin will never fall to zero. This is my personal opinion. There are enough people in the world who see it as a means of capital accumulation – and I’m among them. I have allocated 5 percent of my investment portfolio to Bitcoin, which is the same amount as gold.

In other words, the millionaire investor has allocated the same amount of money to the world's main precious metal as to the world's main cryptocurrency. And this is a serious decision, because gold - despite its low volatility - is still considered a key asset for preserving the value of investments. Which means in this case, the millionaire's faith in crypto is enough to invest quite large sums in it.

Millionaire Kevin O’Leary

According to news outlet CryptoPotato, only about 20 percent of O’Leary’s fortune is held in cryptocurrencies. As a reminder, he has previously stated that he invests in altcoins such as Etherium, Solana and Avalanche.

You need to diversify. I have 32 different positions, including traditional assets and a stake in the FTX crypto exchange. You don’t know exactly who will show the best results – Etherium, Solana or Avalanche. I invest in all of them.

Bitcoin exchange rate

According to the Canadian millionaire, the starting point for the next notable leap in the crypto market will be recognition from financial regulators. He continues.

What we really need is for US regulators to come up with policies. Then the distribution of funds from big investors will begin – first and foremost in Bitcoin.

On topic: One of Mexico's richest men revealed what percentage of his investment portfolio is in Bitcoin

The optimism about the future of the crypto market has so far collided with a harsh reality: the U.S. economy has developed its worst inflation rate in decades. More specifically, the consumer inflation index has reached its highest since 1981. According to the US Bureau of Labour Statistics, inflation jumped by 1.2% in March.

Rising prices for different product categories in the USA

Gabor Gurbach, head of digital asset management at VanEck, reacted to the disappointing statistic on his Twitter. Here’s his rejoinder, cited by Cointelegraph.

Consumer inflation in the US has reached 8.5 per cent, which means the real figure is already in double digits. A few years ago, something similar appeared in mythical stories about Venezuela, Argentina, Zimbabwe and the Weimar Republic. Central banks have failed in their task. Time for a ₿ plan.

"Plan B" in Gurbach's quote was highlighted with the Bitcoin symbol for a reason - it was his way of hinting at the need to invest in the major cryptocurrency. Its price is hovering around $40,000 for now. However, many crypto enthusiasts are predicting a new phase of growth for Bitcoin amid news of inflation. Here, for example, is a chart with a prediction from a crypto-enthusiast under the nickname BTCfuel.

BTCfuel’s prediction

The founder of cryptocurrency exchange BitMEX, Arthur Hayes, would disagree with this prediction. As a reminder, he previously wrote about the possibility of Bitcoin continuing to fall all the way through the summer. All because of the US Federal Reserve’s continued policy of reducing economic stimulus.

However, there is also a reverse point of view. For example, here’s a quote from Emin Gun Sirer, creator of the blockchain project Avalanche. He voiced his thoughts on the state of the coin market on Twitter.

I continue to maintain that the deep bear markets that traders have been used to in the past are not waiting for us anytime soon. But that’s OK, continue to sit on the sidelines of the massive growth phases.

Avalanche blockchain ad in New York subways


We believe that counting on Bitcoin falling to zero really isn't worth it. Still, the cryptocurrency has become so popular that it has already been recognised as official tender in El Salvador. And as the authorities will now grapple with the consequences of their own inflation-type decisions about the financial system, people will surely be interested in other asset categories. And cryptocurrencies, which are independent of the actions of officials and bankers, are a good bet for that.


Will there really be a crash in the coin market? Stay tuned to our Millionaire Cryptochat. We will talk about other topics in the blockchain world there as well.