Investor and star of the television show Shark Tank Kevin O’Leary in an interview with Crypto Banter заявил that the price of the leading cryptocurrency will resume its ascent after the passage of the bill regulating stablecoins.
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He expects this to happen as early as November, after the U.S. congressional elections. According to O’Leary, the document is supported by both parties, as it \”would make the U.S. dollar the default payment system worldwide\”.
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The TV star also forecast an uptick in institutional investor interest in light of the first regulatory document issued by a U.S. agency in the crypto industry.
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He is confident this will allow digital gold to break out of the trading range $19,000–22,000.
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\”With the advent of regulation, Bitcoin is growing […] You cannot stop it. You either ride the wave or miss the chance,\” said O’Leary.
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According to him, despite criticism, people will have to embrace cryptocurrencies, as they will fundamentally improve transaction processing around the world.
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Earlier, Representative Patrick McHenry spoke of forthcoming ‘hard debates’ regarding the stablecoins bill. He said the dialogue on fintech has stalled.
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Earlier, in August, O’Leary said he had increased his positions in digital assets, despite the bear market.
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He also supported sanctions against Tornado Cash and called for regulation of cryptocurrency mixers.
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