O'Leary Sees $1 Million Bitcoin if Quantum Threat is Resolved

Kevin O'Leary believes Bitcoin could reach $1 million if the industry resolves the quantum computing threat known as 'Q-Day'.

O'Leary thinks that until this risk is addressed, institutions will treat Bitcoin more like a novelty than a core holding.

The Shark Tank star made his comments at the Avalanche Summit in New York, where he showed up wearing an $11 million baseball card around his neck.

O'Leary's thesis is that whole industries, not individual investors, will each pick their own blockchain, just like sports memorabilia might settle on one chain while stock exchanges land somewhere else.