Kevin O'Leary says he is buying crypto again, watches for first stock exchange to adopt blockchain
O'Leary says he is back in the saddle buying crypto
Kevin O'Leary, chairman of O'Leary Ventures, said he is buying new crypto positions for the next cycle. He made the comments at the Avalanche Summit in New York, in an interview with The Block's Gareth Jenkinson.
"I'm back in the saddle buying new positions, putting my bets on for this next cycle," O'Leary said.
Key points from the interview
- O'Leary says the next phase of crypto investing is figuring out which blockchain gets wide adoption and in which sector.
- He says he can talk to CEOs across industries about the blockchains they are considering, but "none of them are saying the same thing."
- He calls the first major stock exchange to adopt a blockchain a "watershed moment" because the broader financial ecosystem would want that chain to comply with the exchange's requirements.
- He says he expects crypto regulation to return to the agenda because lawmakers are putting tax policy in place for digital assets.
- He says he does not expect the Clarity Act to pass before the midterms.
- He sees potential for bitcoin to account for 1% to 3% of alternative-asset allocations, comparing it with institutional gold holdings.
- His AI investments are focused on power infrastructure rather than models, including projects in Norway, Finland, Alberta, and Utah, as well as uranium.
What O'Leary said about the Clarity Act
O'Leary addressed the recent setback for the Clarity Act. He said he expects crypto regulation to return to the agenda because lawmakers are putting tax policy in place for digital assets.
"If you're going to provide a tax policy on this asset, you want more regulation, not less," he said, adding that he does not expect the Clarity Act to pass before the midterms.
What is confirmed
The Block reported that O'Leary made these statements at the Avalanche Summit in New York on September 18, 2026. The quotes are attributed directly to O'Leary. His remarks about his own buying, his conversations with CEOs, his expectations for regulation, his bitcoin allocation view, and his AI investments are all his personal statements, not verified facts.
What is still unclear
The Clarity Act setback is referenced but the article does not provide details about the vote or its outcome. O'Leary's statement that a major stock exchange will adopt a blockchain is an expectation, not a confirmed event. Which exchange might do so is not specified.
Why it matters
O'Leary is a well-known investor and public figure. His comment that CEOs across different industries are considering different blockchains suggests that blockchain adoption decisions are still wide open. His view that a major stock exchange adopting a blockchain would be a "watershed moment" highlights how exchange involvement could shape which blockchain gains broad use.
Sources
Newisty Editorial Team covers technology, cryptocurrency, digital products, online platforms, developer tools and the wider digital economy. Our content is researched from official sources, company announcements, public documentation, market data and other primary or reputable sources. Articles are reviewed and edited before publication for clarity, accuracy and useful context.