Shark Tank Star Kevin O’Leary Sets $1 Million Bitcoin Target — But There’s One Quantum Computing Hurdle

Bitcoin’s mega-bullish narrative just got a fresh jolt. Shark Tank star and Canadian investor Kevin O’Leary has floated a staggering $1 million price target for Bitcoin, but he believes the foremost cryptocurrency must clear one major technological hurdle first: the growing threat posed by quantum computing.

Bitcoin’s $1 Million Dream Faces One Major Quantum Test, According to Kevin O’Leary

During an appearance on The Rollup podcast at the Avalanche Summit in New York, Kevin O’Leary argued that Bitcoin’s journey toward a $1 million valuation could ultimately hinge on its ability to withstand quantum computing. 

He pointed to the possibility of advanced quantum machines compromising the cryptographic safeguards that underpin the network. In his view, institutions are unlikely to make Bitcoin a mainstream portfolio allocation until the industry can convincingly address that threat.

When asked whether Bitcoin could ever reach the $1 million milestone, O’Leary pointed to quantum computing as a key hurdle, saying, “It will if it can resolve the doubt creeping in around quantum computing.”

O’Leary’s stance on Bitcoin has changed dramatically over the years. After dismissing the cryptocurrency as “garbage” in 2019, the Shark Tank star shifted his position in 2021, pointing to growing institutional interest. He then moved beyond commentary and began investing in digital assets.