O'Leary Sees Quantum Hurdle to Bitcoin's $1 Million Target

Kevin O'Leary, a Shark Tank star and Canadian investor, believes Bitcoin could reach a $1 million price target, but only if it can address one major hurdle: quantum computing.

In an appearance on The Rollup podcast at the Avalanche Summit in New York, O'Leary pointed to the threat posed by advanced quantum machines compromising the cryptographic safeguards that underpin the network.

He stated that institutions are unlikely to make Bitcoin a mainstream portfolio allocation until the industry can convincingly address this threat.

O'Leary has cooled on Ethereum's prospects as the blockchain that could dominate the industry, questioning whether it can meet future demands due to its speed and security issues.