Celebrity investor Kevin O’Leary, known as Mr. Wonderful, has expressed optimism about the future of crypto under President Trump's administration.
The New Era of Cryptocurrency
In an interview with Fox News, the Shark Tank star emphasized that the crypto industry has moved beyond its 'cowboy era' and entered a 'new phase' characterized by increased maturity and regulation. He pointed out that past controversies, including the collapse of the FTX exchange, have driven out bad actors from the industry.
Support for Trump's Crypto Initiatives
O’Leary also praised President Trump’s recent pro-crypto actions, noting that the administration has introduced a 'new tone with the government' toward digital assets. He highlighted that upcoming crypto developments would pave the way for comprehensive regulations, allowing digital currencies to integrate seamlessly with American financial institutions. According to Kevin, this shift will enable crypto to evolve into a payment system and an investment vehicle.
Future of Crypto in US Economy
Kevin also believed that cryptocurrencies would eventually become the 12th sector of the American economy, integrating into all existing economic sectors.
Notably, President Trump has recently signed an executive order to establish a Strategic Bitcoin Reserve, highlighting a shift in approach towards crypto regulation and innovation.
