One Catalyst That Will Push The Price Of BTC Above $22k As Shared By Kevin O’Leary

The current crypto climate has seen the primary digital asset bitcoin see the unbearable, how will it possible recover that’s a question which we ask ourselves. As projected that the fourth quarter will see soon relief as regards the bullish momentum of the as regards price not only for the primary digital token bitcoin but other alternative tokens.

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Kevin stated one catalysts that will influence the price of bitcoin to above $22k stating the the US policymakers should create an avenue for institutional funds to be allowed to flow into the system which he states that it’s the only way in which bitcoin can at least make a recovery comeback. In he’s words he says that;

“I also believe that the one thing – just getting stablecoins [regulations] done… It’s the lowest-hanging fruit, but it would also signal to the rest of the crypto market, primarily the institutional investor market.

I actually think, and this is speculation, that if you got this thing done with just stablecoins, and you got it regulated, it would increase the value of a lot of different positions that I have including Bitcoin.

Because they would make the assumption because we are stuck in a $17,000 – $22,000 range on Bitcoin and we will never get out of that if we don’t get institutional support. It’s just going to sit there forever.”

He spoke about the adoption of bitcoin as he say’s it’s has start to lose momentum saying that there is a lag in the adoption and wallet creation.

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