Kevin O’Leary informed Gareth Jenkinson from The Block at the Avalanche Summit in New York that he is acquiring fresh cryptocurrency allocations for the upcoming cycle and keeping an eye out for a primary stock exchange to integrate a blockchain.
“I’m back in the saddle buying new positions, putting my bets on for this next cycle,” O’Leary stated, noting that the subsequent phase of digital asset investment involves identifying which distributed ledger achieves widespread usage and within what industry.
The head of O’Leary Ventures mentioned that he engages with chief executive officers from various sectors regarding the ledgers they evaluate, yet “none of them are saying the same thing.”
He explained that the initial principal exchange to embrace a blockchain would represent a “watershed moment” for the sector because the wider financial network would demand that specific chain adhere to the exchange’s standards.
O’Leary additionally commented on the recent setback for the Clarity Act, expressing his belief that digital asset legislation will return to the discussion table as legislators establish taxation frameworks for virtual currencies.
“If you’re going to provide a tax policy on this asset, you want more regulation, not less,” he remarked, further mentioning that he anticipates the Clarity Act will fail to clear before the midterm elections.
Concerning bitcoin, O’Leary expressed that he perceives potential for the premier cryptocurrency by valuation to constitute 1% to 3% of alternative-asset portfolios, drawing parallels to institutional bullion reserves.
Bitcoin price. Image: The Block.
Furthermore, he pointed out that his artificial intelligence investments center on electrical grids and energy supply rather than software algorithms, encompassing initiatives in Norway, Finland, Alberta, and Utah, in addition to uranium.
Originally published at https://www.theblock.co/news/business/2026-09-18-kevin-oleary-is-buying-crypto-again-says-major-stock-exchange-adoption-is-the-watershed-moment-to-watch-415491.
