Celebrity investor Kevin O’Leary, popularly known as Mr. Wonderful, has expressed optimism about the future of crypto under President Trump’s administration.
In an interview with Fox News, the Shark Tank star emphasized that the crypto industry has moved beyond its “cowboy era” and entered a “new phase” characterized by increased maturity and regulation.
During the crypto-themed conversation with American politician Lara Trump, Kevin pointed out that past controversies, including high-profile fraud cases like the collapse of the FTX crypto exchange, have driven out bad actors from the industry.
“The reason they’re not comfortable with [crypto] right now is they’ve watched the cowboy era of crypto, but all the crypto cowboys are in jail or out of business,”
he stated.
He also praised President Trump’s recent pro-crypto actions, noting that the administration has introduced a “new tone with the government” toward digital assets. He highlighted that upcoming crypto developments would pave the way for comprehensive regulations, allowing digital currencies to integrate seamlessly with American financial institutions. According to Kevin, this shift will enable crypto to evolve into a payment system and an investment vehicle.
Kevin also believed that cryptocurrencies would eventually become the 12th sector of the American economy, integrating into all existing economic sectors.
“It’s going to become part of all the sectors of our economy. We have 11 sectors. Eventually, I believe crypto will be the 12th,”
he remarked.
Notably, President Trump has recently signed an executive order to establish a Strategic Bitcoin Reserve. During Kevin’s conversation with Lara Trump, Pubkey co-owner Thomas Pacchia also shared his views on the future of crypto under Trump’s leadership. He criticized the previous administration’s stance on digital assets, describing it as “atrocious” and marked by aggressive policies. Pacchia noted that moving past that era was a significant victory, helping to reset the approach toward crypto regulation and innovation.
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