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Shark Tank Prominent Investor Kevin O’Leary shares optimism that U.S. policymakers will favor cryptocurrencies, so policies will affect investments in the digital asset space. reportedly stating that it will give
benzinga report O’Leary said he expects future policy to have a positive stance on stablecoins. This is because it will be bullish for both the USD and crypto markets.
The reason both sides support stablecoins is that the U.S. dollar will become the global default currency. Institutions’ interest may increase.
As the price of Bitcoin (Bitcoin) falls below $20,000, O’Leary warns that mainstream cryptocurrencies will likely continue to come under pressure unless a clear crypto policy is put in place. BTC is currently trading at $18,448, down more than 70% from its November high.
O’Leary believes the United States will soon introduce its own cryptocurrency regulation, which will benefit companies in which he has invested, such as bitcoin miner Bitzero.
I am encouraged that over the next 18 months there may be policies in place, and I think that will translate well into the valuation of companies like Bitzero, especially those that know how to deliver ESG. . [Environmental Social and Governance] A solution for large institutions.
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