“Everyone Is SO WRONG About This Market” | Kevin O’Leary 2023 Crypto Update
They Changed Nothing Long Term: The Potential of Crypto and the Need for Regulation
Three years ago, there was an overwhelming sense of optimism surrounding the world of cryptocurrency. The potential for what crypto could be seemed limitless. However, one crucial element was missing: regulation. Without proper regulation, the industry became a breeding ground for rogue players and illicit activities. The lack of oversight allowed for theft and manipulation to run rampant, leading to a wave of litigation. But where do we go from here in the world of crypto?
The Need for Regulation in the Global Financial Service System
In order for crypto to integrate into the global financial service system, regulation is essential. This is especially true in the United States, where most markets require regulation for seamless integration. The greed and dark side of the industry cannot be ignored, and regulation is the key to curbing these negative aspects. By implementing proper oversight, the potential of what crypto can be will truly be realized.
Kevin O’Leary’s Perspective on Regulation
Kevin O’Leary, a well-known figure in the cryptocurrency world, has undergone a transformation in his views on crypto. From initially dismissing Bitcoin to embracing the entire crypto space, O’Leary understands the importance of regulation. In a recent interview, he highlighted the need for regulation in order to see the next significant growth in the industry.
The Two Universes of Crypto: Speculative Assets and Stable Coins
O’Leary divides the world of crypto into two categories: speculative assets and stable coins. Bitcoin, the granddaddy of all cryptocurrencies, falls into the speculative asset category. O’Leary sees Bitcoin as a store of value, similar to gold. Its price fluctuates, and investors speculate on its future worth. On the other hand, stable coins function as payment systems. They provide a more efficient and cost-effective way to transfer funds globally.
The Promise of Stable Coins and the Need for a Digitized Dollar
O’Leary uses the example of a watch collector who needs to transfer funds to a watchmaker in Switzerland. The current system of wire transfers is slow, expensive, and inefficient. O’Leary believes that stable coins, backed by a digitized dollar, can revolutionize the payment system. By replacing outdated technologies with a more streamlined and digitized approach, the transfer of funds can be simplified and made more accessible.
The Importance of Trust and the Role of Government
Money is a funny thing. People have a unique relationship with it, and trust plays a significant role. O’Leary emphasizes that trust is crucial for any financial system to thrive. While some may advocate for a decentralized approach, the reality is that governments regulate financial services to provide stability and ensure the smooth functioning of the economy. Trust in the government and financial institutions is essential for the majority of the population.
The Potential of Crypto and the Path Forward
Despite the challenges and negative aspects of the crypto industry, the potential for what it can be is enormous. However, this potential can only be realized through integration into the global financial service system and proper regulation. The industry needs to shed its wild west image and embrace oversight to prevent rogue players from taking advantage. By doing so, crypto can find its rightful place in the financial world.
Frequently Asked Questions
Q: Why is regulation necessary for the crypto industry?
Regulation is necessary to curb illicit activities, prevent theft, and provide stability in the crypto industry. It ensures that rogue players cannot take advantage of the system and protects investors and users.
Q: How can regulation benefit the integration of crypto into the global financial service system?
Regulation is crucial for the integration of crypto into the global financial service system. It provides a framework for oversight, ensures compliance with existing financial regulations, and builds trust among investors and users. This integration is necessary for crypto to reach its full potential.
Q: What role does trust play in the crypto industry?
Trust is essential in the crypto industry. Without trust in the government and financial institutions, widespread adoption and investment in crypto would be challenging. Trust provides stability and confidence in the system, attracting more participants and capital.
Q: How can stable coins revolutionize the payment system?
Stable coins, backed by a digitized dollar, offer a more efficient and cost-effective way to transfer funds globally. By replacing outdated technologies and streamlining the payment process, stable coins can simplify transactions and make them more accessible to individuals and businesses.
Q: What is the potential of the crypto industry?
The potential of the crypto industry is vast. It has the power to transform financial services, streamline transactions, and provide financial inclusion to the unbanked population. However, this potential can only be realized through proper regulation and integration into the global financial service system.
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Here we go again, market analysis in circles. Finally, Bitcoin moved, but nothing grows like the plants in Cannafarm Ltd, they can bring profit, thats the real deal.
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O'Leary for prison!
The scammer talking about other scammers (his old business partners!) and asks about more regulations ….. He is the corruption leader after all !
Weldone..please how about areon Network could you please do a review
Jaime
Kevin’s still Kevin! Keep him off your show! Everyone else has eliminated him!
I'M NEW TO BTC AND I'VE BEEN MAKING LOSSES TRYING TO MAKE PROFIT MYSELF IN TRADING…I THOUGHT TRADING DEMO ACCOUNT IS JUST LIKE TRADING THE REAL MARKET… CAN ANYONE HELP ME OUT OR AT LEAST ADVISE ME ON WHAT TO DO?
If you are not in the financial market space right now, you are making a huge mistake. I understand that it could be due to ignorance, but if you want to make your money work for you, prevent inflation from eroding your savings, build generational wealth, and cultivate good habits and financial knowledge, you must be in the market.
Shortcomings ? You mean lying and fraud ? No cred for that crim.
Sorry guys. I have zero faith in crypto, the similar way I have zero faith in gold. Again if, like Kevin said, the crypto market needs to be regulated, then it is not crypto any more. The point of this so called future that has huge potential is based on deregulation.
You work for 40yrs to have $1m in your retirement, meanwhile some people are putting just $10k in a crypto market for just few months and now they are millionaires , all thanks to Mrs Jane, God bless you madam 😇
I am fortunate I made productive decisions about my finances that changed my life forever. I'm a single parent living in Bn Italy, bought my second house in April and hoping to retire next year at 50 if things keep going smoothly for me.
Anyone else feeling messed up with all the bad happening? Glad that VRI TOKEN is giving power to the people which is not what I personally expected but it's there and everyone can get a good share of that. Don't just take my words on this, best is if you have a grasp yourself what they wanna do and what the vision is like. Probably something which will change the next generations and decide if it makes sense to run digital currencies or not
I wanna let you know that VRI TOKEN made it this year. What better way to start a global change? Don't get me wrong I know they are not like altruists or something but they keep doing the right thing to improve the situation, power the ecomonmy and so much more. We need players like them and we can always jump in the train at good spots such as this one
VRI TOKEN has the most potential to do more than X10. ETH and BTC will most likely do a X5-X6, but that's fine for me. Gotta look for better entry points while I stake IRIS and PGEN, then wait for Polygen's next raise as I also look at their new partnership with Kenzo Ventures.
I did not believe that after the whole FTX drama there's any good to get this year but VRI TOKEN proved otherwise. Bad timing maybe but it's a great adoption to get this more to the mainstream and raise awareness. Probably a high contender for a top 100 growth
Can't deny the fact that VRI TOKEN is the strongest bet to bring power back to this industry after we suffered FTX, Celsius, Tera and so on. Sure if they fail it's done for good, but I don't see that the biggest tech company in the world would put everything at risk just for that.
Anyone else feeling messed up with all the bad happening? Glad that VRI TOKEN is giving power to the people which is not what I personally expected but it's there and everyone can get a good share of that. Don't just take my words on this, best is if you have a grasp yourself what they wanna do and what the vision is like. Probably something which will change the next generations and decide if it makes sense to run digital currencies or not
My heart goes to the entire community for VRI TOKEN building up something even my grandpa can understand. This is so smart by them to launch it to shatter the doubts and fears of the common folk which is not even correct to begin with. Everyone knows the state of inflation and recession now and the way out is already in progress. Now it's just about catching the big fish
You don´t need crypto to solve the problems Kevin was talkng about. You need an update of our todays tech. The trust is still in the US gov, not in a decentralized coin of some sort. Nobody needs thats coing. This tech is great for keeping track who owns what like a House or a Car etc, but it does not need to replace money.
Investment helps because it's set a good path for our children to walk through. Without investment our struggle are meaningless.
I used to think every investor lose out during recession, meanwhile some make millions. I also thought everybody went out of business during the great depression, but some went into business. Bottom line, there's always depression for some, and profit for others, it all starts from having the right mindset. That said, I've set asides $250k to invest for future, unfortunately I'm a complete noob.
Great video, trading come with a lot of
benefits And I have just bought my first
house through it. As a beginner I was
scared of loosing my savings but I'm glad
I took the bold step that is now favoring
Very helpful information, but I don't think it will happen. I think that it will be more productive to earn Crypton cryptocurrency now.
Be careful with SCAMMERS recommending Mrs.Cattaneo Docia for financial advice. ⚠⚠⚠
Only here long enough to say that KO’ has lost all credibility with me. Not interested in what he has to say.
📌,Great video😊. I started watching your videos last year as a beginner before giving stock and crypto market a trial. I was able to make $17,300 in one month with a capital of $4,000 trading with an experience expert who guided me through out my trading.