Shark Tank Star Kevin Says Bitcoin Won’t Be Banned

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Last updated March 26, 2022

Kevin O’Leary shared his current situation and position of the crypto industry, noting that ban-like proposals (fears) no longer pose a threat to cryptocurrencies.

Kevin O’Leary is a popular businessman and star of Shark Tank. For the past few years, Kevin has been active in the crypto industry. He remains active to analyze and figure out the perfect crypto project and crypto assets to invest in. Usually, he himself believes in better analysis to follow hype or rumors about the old and new crypto projects and new ideas, which can bring a new revolution or a new trend in the crypto industry, but he has faith in Bitcoin as a long-term investment.

On March 25, Kevin said in an interview with Bitcoin News that ban-like things no longer pose a threat to the Crypto assets as these crypto assets now hold economic promises.

Kevin added:

“There’s no chance we’re going to ban Bitcoin or anything that holds economic promise in developing new technologies for financial services and payment systems.”

In response to Kevin’s statement, Roy Niederhoffer, the founder of RG Niederhoffer Capital Management, claimed that Kevin could be wrong.

Roy took up the issue of gold when it was banned by ordinary citizens throughout US history, claiming that there is an equal opportunity for Bitcoin or other private cryptocurrencies to be banned.

“There is a chance that Bitcoin will be banned. Private ownership of gold was banned in many countries, including the United States. However, if that were to happen, it would be such an environment of chaos and hyperinflation that Bitcoin would be worth even more money at the time. If they are going to ban it, this will be the time when you want to load Bitcoin.

However, in the end both experts agreed that the crypto industry will go through more improved regulation and also move towards better growth under the better regulation framework.

“(Once) we enact this regulation, the institutions (will) deposit trillions of dollars. Those who are speculators will benefit from the fact that these will be indexed and that will be a great advantage.”

In the latest interview discussion, Kevin indirectly noted the cryptocurrency potential because of the recent Convoy freedom campaign in Canada and also the war between Russia and Ukraine. He did not speak about these matters, however, but concluded that cryptocurrencies are moving towards more maturity, where people have more confidence in them as better returns.

Also Read: Marc Andreessen Could Leave Meta Board Due To Crypto Empire

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