The crypto market is currently facing great pressure, following President Donald Trump’s trade war and the worsening macroeconomic situation. These factors have strained the market, with some analysts predicting that the Bull Run may be over and the Bear Market may be on the horizon.
In a recent interview with Cointergraf, Kevin O’Leary, also known as “Mr. Wonderful,” shared his thoughts on the current state of the market and what’s going forward. Despite the turbulence, O’Leary remains optimistic about the future of Bitcoin (BTC). He explains that while the market is under pressure, he still hopes Bitcoin will increase the year as several key factors still appear.
An important issue discussed in the interview is the need to regulate the surrounding stubcoins in particular. O’Leary focuses on genius acts, which he considers to be imminently handed over by the US Congress. “We’ve been waiting for this law for almost seven years. I feel it’s trying to make it. When that happens, it’s a game changer,” O’Leary said.
Passing the Genius Act, which aims to provide clarity on stubcoins, should encourage the adoption of dollar-supported stubcoins. This move is expected to bring much-needed stability and legitimacy to the crypto market, helping to mitigate some of the ongoing risks. O’Leary also shared insights into his personal crypto portfolio, revealing a diverse set of assets in his portfolio.
Make sure to watch a full interview on our channel to dig deeper into O’Leary’s views on the current state of the crypto market and his personal approach to investing in crypto.
Related: Trump says that when BTC prices break the four-month downward trend, we become “Bitcoin Super Power”
