Institutions Staying Away from Bitcoin Amid Regulatory Scrutiny of Crypto Exchanges

Institutions are not investing in bitcoin despite rising interest, says Kevin O'Leary.

Bitcoin spot ETFs won't happen while SEC is scrutinizing and suing crypto exchanges.

O'Leary says BlackRock can't use exchanges like Coinbase which are being sued by SEC.

Binance is also rapidly shrinking amidst pressure and scrutiny on its founder.

For bitcoin to appreciate, it needs to be on compliant, regulated exchanges, which may emerge outside the US.