{"id":31554,"date":"2026-06-11T09:02:26","date_gmt":"2026-06-11T09:02:26","guid":{"rendered":"https:\/\/bitunikey.com\/news\/bitcoins-next-rally-may-depend-on-congress-oleary-says\/"},"modified":"2026-06-11T09:02:36","modified_gmt":"2026-06-11T09:02:36","slug":"bitcoins-next-rally-may-depend-on-congress-oleary-says","status":"publish","type":"post","link":"https:\/\/bitunikey.com\/news\/bitcoins-next-rally-may-depend-on-congress-oleary-says\/","title":{"rendered":"Bitcoin\u2019s next rally may depend on Congress, O\u2019Leary says"},"content":{"rendered":"<p><\/p>\n<div class=\"post-detail__content blocks\">\n<p class=\"is-style-lead\">Kevin O\u2019Leary says Bitcoin\u2019s next major catalyst has not arrived yet, even after the asset moved through previous highs.\u00a0<\/p>\n<div id=\"cn-block-summary-block_a6c094494979b1ae1d68f9054184f77a\" class=\"cn-block-summary\">\n<div class=\"cn-block-summary__nav tabs\">\n        <span class=\"tabs__item is-selected\">Summary<\/span>\n    <\/div>\n<div class=\"cn-block-summary__content\">\n<ul class=\"wp-block-list\">\n<li>Kevin O\u2019Leary says regulation could unlock larger Bitcoin allocations from pension and sovereign funds.<\/li>\n<li>He argues crypto\u2019s next phase may depend more on legislation than short-term speculation.<\/li>\n<li>O\u2019Leary says one enterprise blockchain could become a major long-term business standard across sectors.<\/li>\n<\/ul><\/div>\n<\/div>\n<p><!-- .cn-block-summary --><\/p>\n<p>The investor said large institutions remain cautious because digital assets still lack clear rules.<\/p>\n<p>In a post on X, O\u2019Leary <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/x.com\/kevinolearytv\/status\/2064780988794933405?s=20\" target=\"_blank\" rel=\"nofollow\">said<\/a> pension funds, sovereign wealth funds and large institutions are waiting for regulatory clarity before making larger allocations. He said crypto adoption may now depend more on legislation than speculation.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p>\n<h2 class=\"wp-block-heading\"><strong>Institutions remain in a waiting phase for Bitcoin<\/strong><\/h2>\n<p>O\u2019Leary said many investors expected Bitcoin to move higher after breaking through new highs. However, he argued that the market still needs a policy trigger before the next wave of capital arrives.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u201cLarge institutions, pension funds, and sovereign wealth funds are waiting for regulatory clarity before making meaningful allocations to Bitcoin and digital assets,\u201d O\u2019Leary wrote.<\/p>\n<\/blockquote>\n<p>His view places regulation at the center of the next Bitcoin cycle. Large funds usually need clear custody, trading, tax and compliance rules before adding new asset classes to portfolios.<\/p>\n<figure class=\"wp-block-embed is-type-rich is-provider-x wp-block-embed-x\">\n<div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">A lot of investors expected Bitcoin to take off after breaking through new highs, but in my view the real catalyst still hasn\u2019t arrived. Large institutions, pension funds, and sovereign wealth funds are waiting for regulatory clarity before making meaningful allocations to\u2026 <a rel=\"nofollow\" target=\"_blank\" rel=\"nofollow\" href=\"https:\/\/t.co\/pEFrwEcueq\">pic.twitter.com\/pEFrwEcueq<\/a><\/p>\n<p>\u2014 Kevin O&#8217;Leary aka Mr. Wonderful (@kevinolearytv) <a rel=\"nofollow\" target=\"_blank\" rel=\"nofollow\" href=\"https:\/\/x.com\/kevinolearytv\/status\/2064780988794933405?ref_src=twsrc%5Etfw\">June 10, 2026<\/a><\/p><\/blockquote>\n<\/div>\n<\/figure>\n<p>Without those rules, Bitcoin remains harder for some institutions to hold at scale. That limits the size of inflows from groups that manage long-term capital.<\/p>\n<h2 class=\"wp-block-heading\"><strong>Legislation could drive the next adoption phase<\/strong><\/h2>\n<p>O\u2019Leary said the next phase of crypto adoption may be \u201cdriven less by speculation and more by legislation.\u201d The comment came as U.S. lawmakers continue to debate market structure rules.<\/p>\n<p>The CLARITY Act remains one of the main bills under review. The bill seeks to divide oversight of digital assets between the SEC and CFTC, while setting rules for exchanges, issuers and payment stablecoins.<\/p>\n<p>As previously reported by crypto.news, the CLARITY Act cleared the Senate Banking Committee in May. However, later reports said the bill still faces timing pressure, bank lobbying and stablecoin-yield disputes before the midterms.<\/p>\n<p>That policy delay matters for O\u2019Leary\u2019s argument. If large funds need legal certainty before entering, then a stalled bill may also slow institutional demand.<\/p>\n<h2 class=\"wp-block-heading\"><strong>O\u2019Leary looks beyond Bitcoin<\/strong><\/h2>\n<p>O\u2019Leary also pointed to a wider opportunity in enterprise blockchain. He said blockchain has promised to improve contracts, compliance, logistics and inventory management for 14 years.<\/p>\n<p>Still, he said no single network has become the main business standard. In his view, that could change once regulation gives companies more confidence to use blockchain tools.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u201cWhen regulatory clarity arrives, one blockchain network could become the foundation for how businesses operate across every sector of the economy,\u201d O\u2019Leary wrote.<\/p>\n<\/blockquote>\n<p>He said finding that network may become one of the largest investment opportunities of the decade. He did not name a specific blockchain in the post.<\/p>\n<h2 class=\"wp-block-heading\"><strong>Bitcoin still faces market pressure<\/strong><\/h2>\n<p>O\u2019Leary\u2019s comments arrive during a weak period for Bitcoin and the wider crypto market. Prices remain sensitive to macro pressure, ETF flows and investor risk appetite.<\/p>\n<p>As previously reported by crypto.news, the June crypto selloff was tied to hawkish Federal Reserve expectations, US-Iran tensions, ETF outflows, Strategy\u2019s rare BTC sale and excess leverage.<\/p>\n<p>That backdrop shows why regulation alone may not move prices immediately. Bitcoin still needs stronger demand, calmer macro conditions and more stable fund flows.<\/p>\n<p>Even so, O\u2019Leary\u2019s message adds to a wider market debate. For him, Bitcoin\u2019s next leg may depend less on retail excitement and more on whether lawmakers give institutions a clear path to enter.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p><\/div>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Kevin O\u2019Leary says Bitcoin\u2019s next major catalyst has not arrived yet, even after the asset moved through previous highs.\u00a0 Summary Kevin O\u2019Leary says regulation could unlock larger Bitcoin allocations from&hellip;<\/p>\n","protected":false},"author":1,"featured_media":27051,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-31554","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency"],"_links":{"self":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/31554","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/comments?post=31554"}],"version-history":[{"count":1,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/31554\/revisions"}],"predecessor-version":[{"id":31555,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/31554\/revisions\/31555"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media\/27051"}],"wp:attachment":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media?parent=31554"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/categories?post=31554"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/tags?post=31554"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}