The cryptography market is currently faced with significant pressure, largely due to the trade war of US President Donald Trump and deteriorating macroeconomic conditions. These factors have put the markets under tension, some analysts predicting that the Bull Run is finished and that a lower market can be on the horizon.
In a recent interview Cintelelegraph, Kevin O’Leary, also known as “MR. Wonderful ”, shared its reflections on the current state of the market and what could be ahead. Despite turbulence, O’Leary remains optimistic about the future of Bitcoin (BTC). He explains that even if the market is under pressure, it always expects Bitcoin to end the higher year as a few key factors come into play.
A key problem discussed in the interview is the need for regulatory clarity, especially the surrounding Stablecoins. O’Leary is particularly focused on the law on engineering, which, according to him, will be adopted imminent by the American Congress. “We have been waiting for almost seven years for this legislation. I have the feeling that it will happen, and when it happens, it changes the situation,” said O’Leary.
The adoption of the Act on Engineering, which aims to provide regulatory clarity around stablescoins, should stimulate the adoption of sustained stables of a dollar. This decision should provide an essential stability and legitimacy to the cryptography market, helping to mitigate some of the current risks. O’Leary also shared information on his personal crypto portfolio, revealing a diverse mixture of assets in his wallet.
To dive more deep into O’Leary’s opinions on the current state of the cryptography market and its personal approach to invest in the crypto, be sure to look at the full interview on our channel.
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