PANews reported on May 4 that according to Webpkgcache, well-known investor Kevin O'Leary pointed out that institutions are reluctant to touch Ethereum at this stage. When a large amount of capital flows into the cryptocurrency field, it will inevitably flow to the flagship digital asset: Bitcoin. In particular, Bitcoin has recently decoupled from traditional stock indexes. This is an important development, indicating that this asset is maturing into a unique investment category, and is even on par with gold as a means of hedging and storing value.

In addition, Kevin O'Leary also disclosed that he allocated 1.5% of his portfolio to Bitcoin and 19% to other areas involving cryptocurrencies, including the purchase of Coinbase and Robinhood stocks.