O'Leary Predicts $1M Bitcoin Pending Quantum Fix, Says Ethereum Won't Standardize

Kevin O'Leary said Bitcoin could reach $1 million if the industry resolves quantum computing risk, speaking at the Avalanche Summit where he criticized Ethereum's speed and security. He reversed his prior thesis that BTC and ETH capture 97% of crypto's upside, now arguing industries will select their own blockchains. The remarks follow the SEC's approval last week of an Innovation Exemption for tokenized stocks and ICE's evaluation of Avalanche as a settlement layer for the NYSE's trading system. O'Leary said institutional funds cap Bitcoin exposure near 3% due to Q-Day uncertainty. "Regulation Crypto Asset Transactions and Regulation Crypto Asset Markets," the CFTC's pre-rule sent to the White House, signals independent derivatives oversight after the Clarity Act failed. Bitcoin traded at $85,700, up 6%, with ETH at $2,735 and SOL at $119. Twenty-five of the top 100 tokens gained 10% or more, led by SEI and SUI at 27% each.