Kevin O’Leary: One Sector Presents The Biggest Opportunity In Crypto

According to businessman and Shark Tank star Kevin O’Leary, there is one specific space in digital currencies that provides a bigger opportunity over the rest.

O’Leary shared with his 895.8K Twitter subscribers that payment systems present the biggest possible opportunity in the crypto space, but that regulation needs to pass before it actualizes.

“Payment systems are the biggest opportunity we have in the case of digital currencies, this is why regulation is so important. That’s just the truth.

The innovation that digital currency breeds is going to take us into a much more transparent, auditable, and less expensive way of processing payments around the world!”

According to Mr. Wonderful a wave of digitization is coming to every single sector and that no matter what one does, a new digital economy is emerging everywhere in the global financial landscape.

O’Leary has been very supportive of the recent efforts of US Senators Cynthia Lummis and Kirsten Gillibrand to bring sweeping regulatory clarity to the crypto industry.

According to the investor anyone who fails to recognize the need for more legislative policy in crypto is not seeing the bigger picture, as institutional capital will never flow to cryptocurrencies until proper regulations are set in place, he argues.

I want there to be policy. I’m not a crypto cowboy, I’m compliant. I want to bring sovereign wealth and pension funds into this so prices appreciate and stabilize. For all the excitement about crypto, we’re only $1.2 trillion and that’s a nothing burger. Nothing! $800 billion, who cares? That may sound like a lot of money, it’s nothing in the context of what it could be, if we can get this worked out.”