Investor and Shark Tank star Kevin O’Leary in an interview with Crypto Banter declaredthat the price of the first cryptocurrency will resume growth after the adoption of the draft law on the regulation of stablecoins.
He expects that this will happen in November, after the elections to the US Congress. According to O’Leary, the corresponding document is supported by both political parties, because it “will make the US dollar the default payment system around the world.”
The TV star also predicted an increase in the interest of institutional investors against the backdrop of the first regulatory document adopted by the US department in the crypto industry.
He is confident that this will allow digital gold to break out of the $19,000-22,000 trading range.
“With the advent of regulation, bitcoin is growing […] You cannot stop this. You either join the wave or you lose [шанс]’, O’Leary stressed.
According to him, despite the criticism, people will have to accept cryptocurrencies as they will “fundamentally improve the processing of transactions around the world.”
Earlier, Rep. Patrick McHenry spoke about the upcoming “difficult debate” regarding stablecoin law. According to him, the dialogue on financial technologies has reached a dead end.
Recall that in August O’Leary spoke about the increase in positions in digital assets, despite the bear market.
He also supported sanctions against Tornado Cash and stated the need for regulation of cryptocurrency mixers.
Read Cryplogger bitcoin news in our Telegram – Cryptocurrency news, courses and analytics.
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Investor and Shark Tank star Kevin O’Leary in an interview with Crypto Banter declaredthat the price of the first cryptocurrency will resume growth after the adoption of the draft law on the regulation of stablecoins.
He expects that this will happen in November, after the elections to the US Congress. According to O’Leary, the corresponding document is supported by both political parties, because it “will make the US dollar the default payment system around the world.”
The TV star also predicted an increase in the interest of institutional investors against the backdrop of the first regulatory document adopted by the US department in the crypto industry.
He is confident that this will allow digital gold to break out of the $19,000-22,000 trading range.
“With the advent of regulation, bitcoin is growing […] You cannot stop this. You either join the wave or you lose [шанс]’, O’Leary stressed.
According to him, despite the criticism, people will have to accept cryptocurrencies as they will “fundamentally improve the processing of transactions around the world.”
Earlier, Rep. Patrick McHenry spoke about the upcoming “difficult debate” regarding stablecoin law. According to him, the dialogue on financial technologies has reached a dead end.
Recall that in August O’Leary spoke about the increase in positions in digital assets, despite the bear market.
He also supported sanctions against Tornado Cash and stated the need for regulation of cryptocurrency mixers.
Read Cryplogger bitcoin news in our Telegram – Cryptocurrency news, courses and analytics.
Found a mistake in the text? Select it and press CTRL+ENTER
