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Shocking Statements from the American Billionaire Investor: "Bitcoin (BTC) Reserve Will Never Happen!" Here's Why....
US President Donald Trump made notable moves regarding his strategic Bitcoin reserve, and Kevin O’Leary, the host of Shark Tank, shared striking statements. At this point, Kevin O’Leary stated that despite the strong advocacy of industry leaders like Michael Saylor, the Strategic Bitcoin Reserve proposal would not come to fruition.
Famous name Kevin O’Leary, discussed the topic of BTC reserves with SkyBridge founder Anthony Scaramucci on a program.
While two famous figures expressed opposing views on Bitcoin reserves, the question was raised whether Bitcoin reserves would benefit the U.S. economy.
While Scaramucci supports the idea of a Bitcoin reserve, Kevin O'Leary stated that the concept of a reserve will not come to fruition.
Kevin O’Leary firmly rejected the Strategic Bitcoin Reserve idea, stating that the bill would not receive bipartisan support.
Bitcoin bull Michael Saylor has also been criticized by a famous figure, who claimed that Saylor's aggressive Bitcoin strategy is selfish.
O'Leary said, "Michael Saylor is talking about his own book."
O’Leary also emphasized that Strategy sells stocks, preferred stocks, and debt to buy Bitcoin, noting that its shares are trading at twice the value of the company’s core Bitcoin assets. The famous figure also argued that such a BTC model lacks long-term viability.
Instead, O'Leary emphasized that the potential legal focus in the near term is stablecoin regulation. According to him, it seems more likely that the US will pass a stablecoin law rather than a BTC reserve.
In contrast, Anthony Scaramucci did not agree with O'Leary. He stated that the bill would be beneficial to the economy.
MicroStrategy President Michael Saylor states that the US could potentially earn 106 trillion dollars by gradually purchasing Bitcoin under its reserves.