The cryptocurrency market has been facing intense pressure lately, largely due to the ongoing trade war between the United States and China, as well as other macroeconomic factors. This has led to speculation that the bull run may be coming to an end and a bear market could be on the horizon.

In a recent interview with Cointelegraph, Kevin O’Leary, also known as “Mr. Wonderful,” shared his insights on the current state of the market and what the future may hold. Despite the current turbulence, O’Leary remains optimistic about the potential of Bitcoin (BTC) and believes that it will end the year on a high note. He points to a few key catalysts that could help reverse the current bearish trend.

One of the main issues discussed in the interview is the need for regulatory clarity, especially when it comes to stablecoins. O’Leary is particularly interested in the GENIUS Act, which he believes will be passed by the US Congress in the near future. “We have been waiting for almost seven years for this legislation. I have a feeling it’s going to make it, and when that happens, it’s a game changer,” O’Leary stated.

The GENIUS Act aims to provide clear regulations for stablecoins, which are cryptocurrencies backed by a stable asset such as the US dollar. This move is expected to bring more stability and legitimacy to the crypto market, which could help mitigate some of the current risks. O’Leary also shared details about his personal crypto portfolio, which includes a diverse mix of assets.

To learn more about O’Leary’s views on the current state of the market and his personal approach to investing in crypto, be sure to watch the full interview on our channel.

In related news, US President Donald Trump recently made headlines by stating that the US will become a “Bitcoin superpower” as the price of BTC broke a four-month downtrend. This further highlights the potential for growth and adoption of cryptocurrencies in the future.

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