The crypto market is currently facing significant pressure, mainly due to the trade war of President Donald Trump and macroeconomic conditions worsen. These factors place markets under the strain, with some analysts predict that the bull is over and a bear market may be in reach.
In a recent interview with Cointelegraph, Kevin O’Leary, also known as “G. Wonderful,” has shared his thoughts on the current state of the market and what may be early. Despite the excitement, the O’Leary remains optimistic about the future of Bitcoin (Btc). He explained that while the market is under pressure, he still hopes that the year is higher years higher as some major factors play.
One major issue discussed in the interview is the need for regulation clarity, especially the surrounding stablecoins. The O’Leary is specifically focused on the Genius Act, which he believes will be passed by the US Congress properly. “We’ve been waiting for almost seven years for this law. I have a feeling to do it, and when that happens, it’s a game changing,” O’Leary said.
The passage of the Genius Act, which aims to provide clarity of regulation around stablecoins, should boost the adoption of the dollar supported by the dollar. This step is expected to bring more needed stability and legitimacy to the crypto market, which helps to reduce some of the ongoing risks. O’Leary also shared views on his personal crypto portfolio, revealing a different mix of possessions in his portfolio.
To dive deeper into O’Leary’s views on the current state of the crypto market and his personal crypto investment approach, be sure To watch the entire interview In our channel.
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