Renowned investor Kevin O’Leary said Monday that fears over quantum computing would deter institutional investors from increasing exposure to Bitcoin (CRYPTO: BTC).
Will Quantum Computing Slow Down Institutional Investment?
O’Leary took to X, adding a clip from his recent interview with Fox Business, where he revealed he’s still long on Bitcoin but that quantum computing risks have started to rattle some investors.
“The idea that a quantum computer could eventually break the chain is making institutions hesitate, and until that gets resolved, don’t expect them to go beyond a 3% allocation,” the “Shark Tank” star said.
Notably, BlackRock, the world’s largest asset management company, recommends a Bitcoin allocation of 1% to 2% in multi-asset portfolios.