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Kevin O'Leary stated that Bitcoin will reach $1 million if the industry resolves the potential threat posed by quantum computing.
The investor made the prediction while attending the Avalanche Summit, where he wore an $11 million Shohei Ohtani baseball card sealed in a Tiffany holder containing 110 carats of diamonds to illustrate the concept of tokenization.
O'Leary identified "Q-Day" as the primary condition for his forecast. This term refers to the hypothetical point at which a quantum computer could forge the digital signatures securing Bitcoin wallets.
He noted that no such machine currently exists, with estimates for its arrival ranging from the early 2030s to never.
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