One of the world’s most famous presenters, economists and contributors. Kevin O’Leary In his most recent statement, he mentioned the importance of the Middle East for the crypto money industry.
The famous name emphasized that he thinks that the crypto money industry can change significantly with the investment of Middle Eastern countries such as Saudi Arabia and the United Arab Emirates.
Expressing that the crypto money industry should make good use of the opportunity it will find, the experienced name thinks that there will be a serious money flow to the industry thanks to the Middle East-based funds.
Middle East to Invest in Bitcoin
After highlighting that hedge funds are an incredible opportunity for the cryptocurrency industry, the Canadian investor added:
“The real opportunity is not in family offices and mutual funds operating outside the Middle East. Real money is in funds located in both Saudi Arabia and the United Arab Emirates. We’re talking billions and trillions of dollars here. This situation can change everything. “
Stating that the funds in question have not yet invested in the crypto money sector, O’Leary emphasizes that if this happens, the industry will experience an incredible increase in opportunity.
According to O’Leary, multi-billion-dollar funds will switch to Bitcoin and altcoins, which will enable the industry to find a real infrastructure.
Although the leading cryptocurrency recently saw the level of $ 68,000, according to the famous investor, this is just the beginning and it will be enough for the funds in question to invest in Bitcoin to fully replace gold.