BTC will go as high as $28,000 or re-test the bear market lows

Kevin O’Leary gives his view on the current state of the crypto market and predictions BTC will go as high as $28,000 or re-test the bear market lows.

With the price of Bitcoin (BTC) holding above $22,000, more and more market players are turning bullish again. Does this mean that we could see BTC go to $28,000 in the short term or will it fall below its current levels? Join us as we discuss this and other topics with Crypto Jebb and Mr. Wonderful, himself, Kevin O’Leary.

In this week’s episode of Market Talks, we welcome businessman, entrepreneur, author, winemaker, and television presenter, Mr. Kevin O’Leary.

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O’Leary, best known as the shark on the hit reality TV show Shark Tank, is the chairman of O’Shares Investments and a strategic investor in WonderFi. Mr. O’Leary’s success story starts where most entrepreneurs begin — with a big idea and zero cash.

The main topic of discussion on the show is whether BTC will go as high as $28,000 or re-test the bear market lows of June. With so much uncertainty in the market right now, we also discuss the best way to navigate digital assets for the remainder of the year.

Following the collapse of Terra (Luna) — now renamed Terra Classic (LUNC) — and the insolvencies of Celsius and Three Arrows Capital, we ask Kevin if he thinks, from a business perspective, these companies should have been bailed out.

Although Mr. O’Leary is a huge supporter of Bitcoin and cryptocurrencies, we have still not seen large institutional investors in the space yet. As such, we ask Kevin what needs to happen before large institutions enter the crypto market. We also pick his brain on the regulatory outlook for crypto in the United States and abroad.

Ether (ETH) has been a top crypto performer in recent weeks, but are the gains justified, or are they merely a byproduct of hype surrounding the Merge? We ask Kevin what he thinks about the future of Ethereum and if a $2,000 ETH is possible in 2022.

Source: Cointelegraph

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