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Bitcoin Will Hit $300,000 When Institutions Can Buy It: Kevin O Leary

"If you want to talk about bitcoin going to $100,000, $200,000, $300,000, it's going to be when institutions can finally buy it," O'Leary said.

Bitcoin Price Outlook: 20% Weekly Rise Points to Sustained Gains Ahead

The digital currency this week closed above its 50-day moving average for the first time since mid-November.

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