Kevin O'Leary says he has bought the dip during the crypto market sell-off. 'Now crypto itself desperately needs policy,' he stressed. cryptocurrency bitcoin ethereum
Shark Tank Star Kevin O'Leary Buys the Bitcoin Dip — Says Crypto 'Desperately Needs Policy'
“There has been a knee-jerk reaction against bitcoin miners lately because of ESG [environmental, social, and corporate governance] concerns but they’re also self-correcting by getting into nuclear and hydropower, which you know is plentiful in some countries like Norway,” O’Leary explained.O’Leary explained: “There was a bill just two weeks ago that was contemplated being pushed through, not on bitcoin, just stablecoins as payment systems. And as you know that’s been a very volatile area.
If that policy comes down. Let’s say it gets done in September. That’s a signal to the market that we’re starting to break open the logjam on policy-making, and I’m very very optimistic.
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