Kevin O’Leary Predicts $1 Million Bitcoin, Cites Quantum Computing Risk

Shark Tank investor Kevin O’Leary has predicted Bitcoin could reach $1 million, but only if the cryptocurrency sector can overcome the future threat posed by quantum computing.

O’Leary made the comments in an interview, framing quantum computing as a significant hurdle for the entire crypto ecosystem. He suggested that the asset’s path to a seven-figure price is contingent on the industry developing quantum-resistant cryptography to secure blockchain networks.

The investor also explained a shift in his own portfolio, stating he is moving away from Ethereum due to its perceived regulatory challenges in the United States. He indicated a preference for investing in jurisdictions with clearer digital asset frameworks.

O’Leary, a longtime public figure in finance, has become a prominent advocate for Bitcoin and digital assets, often commenting on market trends and institutional adoption.