O'Leary Sees Blockchain Adoption Wave in Next Market Cycle
Kevin O'Leary has returned to buying new cryptocurrency positions as he prepares for the next market cycle, expecting a major stock exchange to adopt blockchain infrastructure.
O'Leary sees this adoption as a potential 'watershed moment' for the crypto industry. He believes that once an exchange settles on a network, companies and financial institutions will follow suit due to technical and compliance requirements.
The New York Stock Exchange is already developing onchain settlement infrastructure for tokenized securities, while Intercontinental Exchange has invested in tZERO and licensed its blockchain patents.
O'Leary expects U.S. lawmakers to return to crypto market structure legislation despite the CLARITY Act's recent setback, arguing that work on digital asset taxation makes continued regulatory action likely.