Kevin O'Leary, known as the host of Shark Tank and chairman of O'Leary Ventures, expressed confidence that interest in Bitcoin from institutional investors will remain high, even if U.S. authorities do not approve spot ETFs for Bitcoin. He believes that even without SEC approval, Bitcoin's long-term potential remains unchanged.

O'Leary is among those who doubt that the SEC will allow the launch of Bitcoin-linked ETFs. He notes that SEC Chairman Gary Gensler has never confirmed a timeline for approving Bitcoin ETF applications. In his view, the main obstacle for Bitcoin and Ethereum is the reluctance of major investment companies to invest at least 1–3% of their portfolio in cryptocurrencies, pending the decision of the U.S. regulator.

In February 2023, O'Leary stated that most digital assets have no value and are doomed to collapse to zero, especially after the crash of the cryptocurrency exchange FTX. He was convinced that FTX would not be the last exchange to face bankruptcy.