Shark Tank star Kevin O’Leary says crypto holders will witness something ‘remarkable’ in January 2023
Venture capitalist Kevin O’Leary predicts that an upcoming meeting of world leaders will put crypto in the spotlight.
In a new interview, the Shark Tank investor says that digital assets will be one of the most important issues that will be addressed during the World Economic Forum’s annual meeting taking place in Davos, Switzerland next January.
“This year, you’re going to see crypto at the top of the list of what’s being discussed by global bankers, especially around payment systems where we’re talking about ACH transfer between banks or Swift transfer internationally. These were private sector innovations decades ago that were strong regulated by global governments, and for the first time now products like stablecoins could really disrupt this by a significantly faster, more productive, more transparent, more auditable – but above all – far less expensive system for transferring global assets.”
He says stablecoins will be an important part of the crypto-related discussions, including the Stablecoin Transparency Act, which aims to improve the transparency of stablecoin issuers such as Circle and Tether.
“So you’re going to see companies like Circle headlining that event. You’re going to see a lot of crypto-based conversation on a global level with global governments as they struggle to find some kind of policy and regulation, and the bill, the Stablecoin Transparency Act, is in ahead of it.
It’s a bipartisan US bill that I think could be marked when we get to that place because it will be after the November 8th midterms, which is going to have implications for cryptopolitics…
I think what will happen in the House will help cryptopolitics, but I think this is all going to be very fascinating and why everyone should stay on their toes – a lot of change is coming.”
O
Don’t Miss a Beat – Subscribe to get crypto email alerts delivered straight to your inbox
Check price action
Follow us on TwitterFacebook and Telegram
Surf The Daily Hodl Mix
 
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making high-risk investments in Bitcoin, cryptocurrency or digital assets. Please note that your transfers and trades are at your own risk and any losses you incur are your responsibility. The Daily Hodl does not recommend the purchase or sale of cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Featured image: Shutterstock/Tatkhagata/Mingirov Yuriy
