The idea that the government's going to make their own digital coin, I think is a falsehood. The ACH transfer system was built by private actors and wire systems used globally are built by the private sector as well. It takes incredible talent to actually make a usable product like USDC out of Boston right now. But Bitcoin is where you get price volatility. You don't get that in a stable coin. So if you want the number one granddaddy crypto asset, it's always going to be Bitcoin.
"Mr. Wonderful" Kevin O'Leary joins James for a 'fireside chat' in front of a live audience at this year's Web3 Expo in Las Vegas!
The pair discuss Kevin's current venture, WonderFi, which "provides access to decentralized and regulated centralized crypto platforms and is focused on building the future of finance". The conversation also pivots to how federal regulation and the $USDC stablecoin will open investment opportunities to sovereign wealth funds and provide a much faster and cheaper replacement to the current EFT system.
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