Kevin O'Leary says he's back to buying crypto and opening new positions, gearing up for the next bull run. The Canadian entrepreneur, billionaire, investor, and TV personality made it clear he's building a portfolio for the next phase of the crypto market.

It's Not Just About Ethereum

According to O'Leary, investors were wrong to assume Ethereum would be the go-to standard for the institutional crowd. Companies are now looking at a range of blockchains and, so far, there's no clear winner. That means the focus is shifting away from one protocol dominating to a real competition between networks for institutional adoption.

The Key Trigger for Institutions

O'Leary sees the real game-changer coming when a major stock exchange picks a blockchain for the first time. In his view, that move will signal which network could become the backbone for mass institutional use and set the infrastructure standard for TradFi.

O'Leary's take highlights how institutional capital is looking for tech-neutral, practical solutions: companies are testing different options and waiting for a green light from traditional exchanges before making big, long-term bets on any particular network.