Says this won't ever happen again...
So it's all ok guys. No worries!
So it's all ok guys. No worries!
Kevin O'Leary on FTX
- Thread starter The_Krakenite
- Start date
So crypto is reduced to just another payment system.
So much for becoming the greatest currency in the world!
And if/when stablecoin transparency act happens, backed 1:1 with USD
there is no difference between a stablecoin and the (potentially) doomed USD.
Another payment system. Less fees, faster than some others. Whoopee!!
So much for becoming the greatest currency in the world!
And if/when stablecoin transparency act happens, backed 1:1 with USD
there is no difference between a stablecoin and the (potentially) doomed USD.
Another payment system. Less fees, faster than some others. Whoopee!!
This guy was heavily invested in crypto. Not sure how much exposure he still has, but he's likely just talking his book. For someone who enjoyed ridiculing people on Shark Tank over bad decision making, the irony here takes the cake. He got suckered into a tulip bubble and lost a lot of money.
Hope he -- and all the others buying tulips -- lost heavily. Some may have more involvement, as law suits will go to those with deep pockets. A crypto wish.
Well, what he said is that he is expecting Institutional money to only enter/re-enter the space if there’s government regulations. He basically wants a US Digital Dollar. So much for decentralization.
Baron
ET Founder
No. You missed his point.
What he said is that we can't solve all crypto assets problems at once. The ecosystem and diversity of assets is just too big to realistically do that. He said we need to start with one thing, which is regulating stablecoins because as a payment method stablecoin transfers are superior in every way to traditional money transfer methods. In other words, let's solve this one problem first, and then we can move forward with solving other ones in the future.
plus this will open door to true spot Bitcoin ETF. SEC countless times rejected Bitcoin ETF citing Tether fraud.