Kevin O’Leary projects Bitcoin peak at $150,000 amid price surge

Kevin O’Leary, the man who once called Bitcoin “garbage,” has completed what might be the most telegraphed pivot in crypto history. Speaking at the Avalanche Summit in New York on September 18, the O’Leary Ventures chairman announced he’s actively buying new digital-asset positions and expects Bitcoin to eventually capture a meaningful slice of institutional portfolios. The $750,000 price target floating around crypto circles represents the upper bound of where Bitcoin could land if institutions treat it the way they treat gold. O’Leary himself is more measured in the near term, projecting a peak of $150,000 as regulatory clarity takes shape. But his broader thesis, that Bitcoin could command 1% to 3% of alternative-asset allocations, implies a market cap expansion that would dwarf today’s figures. From skeptic to evangelist, again He pointed to what he considers the key inflection point: a major stock exchange adopting blockchain technology for settlement or trading infrastructure. That kind of institutional endorsement, he argued, would pull the rest of the financial industry along like gravity. He also noted that CEO interest in multiple blockchain platforms is growing, suggesti...