The investor and host of the show Shark Tank called the idea of ​​creating a state reserve of US Bitcoins unrealized due to the lack of support from both large parties, democratic and republican.

Kevin O’Lyri said that, despite the personal interest and active support of the cryptocurrency lobby in the near environment of US President Donald Trump from such industry leaders as Michael Saylor, the project of creating the state reserve of Beitcoin will not pass through the congress.

O’Liri believes that not only the congressmen-democrats, but also many Republicans are not ready to risk, investing state funds in volatile digital assets. The presenter cited the STRETEGY business model as an example, where the head of the company Michael Sailor uses promotions, privileged papers and debts to buy bitcoins. However, Strategy shares are, according to O’Liri, are disproportionately expensive, and this, in the long run, is an unstable business.

O’Liri believes that instead of discussing the issue of creating state reserves of bitcoins, US lawmakers should focus on laws on the regulation of stablecoins that may become a more reliable and practical tool for reducing international transaction costs.

Earlier, experts of the Bernstein investment-Broker company said that by 2029, large companies can send about $ 330 billion to Bitcoins and exchange derivatives of the first cryptocurrency.