Kevin Olieri raises the American strategic bitcoin reserve proposal as a political impossible
- Kevin Olieri says the strategic bitcoin reserves “will never happen.”
- Michael Sailor criticized the bitcoin agenda that is self -served.
The star of Shark Tank Kevin O’Leari rejected the idea of the American strategy Bitcoin Reserve. Speaking during a discussion with the founder of Skybridge Anthony Scrameschi, Olieri said the proposal “will never happen.” He pointed out that there is no support from the two parties and asked about the motives of Bitcoin advocates such as Michael Sailor.
The exchange occurred on the official YouTube channel in Scaramucci. Both investors answered an audience question about the Senator Sinatia Lomes Bill. The draft law proposes that the US Treasury will obtain a million BTC to boost the dollar and reduce debt.
O’Lery vs. Saylor: Bitcoin Reservation Strategy
O’Leary publicly criticize Silor, President of Microstrategy, to promote the draft law. He said: “Silor says about his book.” He said that the Microstrategy strategy depends greatly on exaggerated stock sales, favorite stocks, and debt.
He also claimed that the company is circulating with the weakness of Bitcoin’s possessions. According to O’Leary, this model lacks long -term feasibility. He stated that strengthening this approach to national policy is misleading and unprofessional.
Instead, O’Leary believes that the United States should focus on the organization Stablecoin. Congress is expected to pass the laws that support the movement of the digital dollar at the lowest cost. He revealed its ownership USDC and the most prominent low transportation fees compared to traditional banks.
On the other hand, Scaramucci has supported a bitcoin strategic budget bill. He believes that it can benefit the American economy in the long run. He referred to David Sachs, Trump’s encryptive adviser, who urged caution and partisan work.
Scaramuccci emphasized that only Republican support can bring in reverse results. He pointed out that the executive procedure without cross -support may lead to future repercussions. He stressed that the next six months are decisive to build a broader consensus.
Moreover, he argued that Bitcoin could join the existing strategic reserves in the United States. These gold and oil include, making Bitcoin logical addition, from its point of view. Meanwhile, Sailor continues to be a role model. His company recently acquired $ 180.3 million from Bitcoin. Which raised the total strategy’s possessions to 555,450 BTC.
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