Bo Hines Projects Crypto Market Capitalization to Exceed US$20 Trillion
White House Presidential Advisory Board Chairman Bo Hines stated that if the Genius Act bill regarding stablecoins is passed by the president, the crypto market capitalization could potentially reach US$15 trillion-US$20 trillion.
“This bill is expected to encourage large-scale capital inflows into the digital asset market, with the total crypto market capitalization potentially reaching $15–20 trillion,” Hines told CEO Mara Fred Thiel during a YouTube channel interview with MARA, Friday (04/07).
Additionally, Hines mentioned that this bill will be a key factor in strengthening the dominance of the US dollar globally over the coming decades. Especially if it receives support from 15 Democratic representatives.
Moreover, Hines noted that the last time legislation like the Genius Act was passed was in 2018. Therefore, if realized, the United States will lead the modernization of the financial system.
In more detail, he stated that this legislation will provide a foundation for major developments such as tokenized public securities and a 24/7 market.
*Disclaimer Alert. Not Financial Advice (NFA). Do Your Own Research (DYOR)*