Bitcoin’s Bullish Future: Kevin O’Leary Predicts Crypto as 12th U.S. Economic Sector by 2030
Prominent investor Kevin O’Leary, aka "Mr. Wonderful," forecasts cryptocurrency becoming the 12th U.S. economic sector within five years, with Bitcoin leading the charge above $100,000. His 19% crypto portfolio allocation underscores his unwavering confidence in digital assets.
Kevin O’Leary Predicts Crypto as 12th U.S. Economic Sector
Kevin O’Leary, the prominent investor known as "Mr. Wonderful" from Shark Tank, has declared that cryptocurrency is poised to become the 12th sector of the U.S. economy within five years. His bullish stance comes as Bitcoin trades above $100,000, reinforcing his commitment to digital assets.
O’Leary holds a 19% portfolio allocation in crypto and related equities, including stakes in Coinbase, Robinhood, and WonderFi. "Volatility benefits exchanges," he noted, emphasizing how market fluctuations drive revenue for trading platforms regardless of price direction.
For yield-seeking investors, O’Leary advocates USDC stablecoins over traditional savings accounts, citing their 3.8% yield advantage. His keynote at Consensus 2025 in Toronto will likely expand on these themes as institutional adoption accelerates.
Bitcoin Flashes Signs of $100K Retest Amid Tariff Uncertainty
Bitcoin surges toward $100,000, recovering from a sell-off triggered by Donald Trump’s tariff proposals. Market sentiment remains fragile as recession fears loom, contingent on U.S.-China trade negotiations. On-chain metrics reflect mixed signals, suggesting heightened volatility at key resistance levels.
The cryptocurrency’s trajectory hinges on macroeconomic developments, with $34 million in BTC positions liquidated in 24 hours. Historical patterns suggest bitcoin could defy recessionary pressures, though May trade talks may prove pivotal for short-term direction.
Bitcoin Skyrockets Beyond $97,000 Mark as Altcoins Lag Behind
Bitcoin surged past $97,000, peaking at $97,895, as bullish sentiment dominates the market. Altcoins, however, have yet to mirror this upward trajectory, though analysts anticipate a spillover effect.
The rally follows stronger-than-expected U.S. labor data, which alleviated recession fears and reversed losses from recent market downturns. April’s job growth of 177,000 exceeded forecasts, though it fell short of March’s figures. Market participants now await the Federal Reserve’s interpretation of these metrics.
Crypto Surge: Bitcoin and ETFs Fuel Altcoin Momentum
Santiment’s latest analysis underscores the symbiotic relationship between Bitcoin’s stability and ETF-driven sentiment in propelling altcoin markets. With BTC holding above $80,000, the stage is set for a potential altcoin rally—provided institutional interest via ETFs remains robust.
Market dynamics reveal a familiar pattern: Bitcoin’s dominance precedes altcoin breakouts. The delayed altcoin recovery mirrors historical trends, suggesting accumulating potential rather than weakness. ETF developments now serve as the critical catalyst for broader crypto adoption.
Senator Lummis Advocates Bitcoin Act as Solution to U.S. Debt Crisis
U.S. Senator Cynthia Lummis has reignited debate with her bold claim that the BITCOIN Act is the only viable solution to America’s $36 trillion debt. The proposal, now backed by former President Donald Trump, seeks to establish a strategic Bitcoin reserve for the nation.
The legislation calls for the acquisition of 1 million BTC—approximately 5% of the total supply—positioning the U.S. as a leader in digital asset adoption. "I am particularly pleased with President Trump’s support of my strategic reserve initiative," Lummis stated, underscoring the political momentum behind the measure.
The reintroduced bill arrives as policymakers grapple with unsustainable debt levels and seek innovative financial tools. Bitcoin’s fixed supply and decentralized nature make it an attractive hedge against traditional fiscal vulnerabilities.
Bitcoin Firm Fold Celebrates Nasdaq Debut with 18% Stock Surge
Fold, a Bitcoin-focused financial services firm, marked its Nasdaq listing with a ceremonial bell ringing on May 2, 2025. Trading under the ticker "FLD," the company’s shares surged 18% to $4.67 in early trading, signaling strong investor appetite for crypto-native financial products.
The U.S.-based platform operates a Bitcoin rewards app that converts credit card purchases into BTC cashback. Users can withdraw earned Bitcoin to external wallets, bridging traditional finance with digital asset utility. Fold’s successful IPO represents a milestone for Bitcoin-centric businesses entering mainstream capital markets.
