As global crypto adoption accelerates, the United States remains hesitant.

Despite rising interest in digital assets worldwide, U.S. institutions are still dancing around the idea of making Bitcoin part of a national reserve strategy.

As global crypto adoption accelerates, the United States remains hesitant. Despite rising interest in digital assets and Bitcoin integration in other countries, U.S. institutions are still dancing around the idea of making Bitcoin part of a national reserve strategy. And according to investor Kevin O’Leary, that dance won’t be ending any time soon.

“It Will Never Happen,” Says Kevin O’Leary

Shark Tank star and outspoken investor Kevin O’Leary isn’t buying the idea – at all.

Speaking candidly, O’Leary dismissed the proposal of a U.S. Strategic Bitcoin Reserve, pointing to the lack of bipartisan support and calling out what he sees as self-interest from advocates like MicroStrategy’s Michael Saylor.

“Strategic Bitcoin Reserve will never happen. Michael Saylor is talking about his book.”

While he shot down the Bitcoin reserve notion, O’Leary did highlight the importance of stablecoin regulation. He predicted that forthcoming legislation would reduce transaction costs globally, potentially paving the way for widespread digital dollar adoption.

U.S. Institutions Continue to Shy Away

The Strategic Bitcoin Reserve Bill, introduced by Senator Cynthia Lummis, has sparked mixed reactions across party lines.

While states like North Carolina have backed similar efforts, others – including Oklahoma – have firmly rejected them.

Economists are also divided, with a recent University of Chicago survey finding no consensus among experts regarding Bitcoin’s viability as a national reserve asset. The main concern? Bitcoin’s volatility and its uncertain role within traditional monetary frameworks.

Saylor and Scaramucci Push Back

Despite O’Leary’s skepticism, not everyone agrees. Anthony Scaramucci, managing partner at SkyBridge Capital, expressed support for the bill, arguing it could be a game-changer for the U.S. economic landscape.

He also urged a bipartisan approach, echoing comments from tech entrepreneur David Sacks, who warned that a Republican-only push might be reversed if political power shifts.

Michael Saylor shows support through action. His company, Strategy, recently added a staggering $180.3 million in Bitcoin to its portfolio, raising its total holdings to 555,450 BTC, with plans for further accumulation. Saylor remains a vocal supporter of the reserve bill and sees Bitcoin as a cornerstone of future financial infrastructure.

Global Outlook

The U.S. isn't the only country grappling with the integration of Bitcoin into official reserves. The European Central Bank, under the leadership of President Christine Lagarde, has made it clear that Bitcoin won't be a part of its reserves in the foreseeable future.

On the other hand, El Salvador has already begun incorporating Bitcoin into its national holdings, despite strong opposition from the International Monetary Fund (IMF), highlighting the global split in digital asset policy.

As the dust settles and the narrative unfolds, one thing is certain: the cryptocurrency sphere will continue to be a stage for heated debate and crucial economic decisions that will shape the financial landscape of tomorrow.