President Biden's latest executive order is a big "W" for those in the crypto world, and a clear indicator everyone should, if nothing else, start learning what it's all about ... according to Daymond John.
The "Shark Tank" star joined us Friday on "TMZ Live" for his "Follow the Money" segment ... giving us his take on Biden's greenlight for feds to study risks and benefits of cryptocurrency. Daymond says the bottom line is ... it's really good news.
He says the news legitimizes crypto, and should get more people to invest. Even further, he believes Biden's interest in creating a digital U.S. dollar will protect all Americans.
Although, the prez did not announce any regulations of cryptocurrency ... Daymond says they'll be necessary to prevent investors from getting hurt or scammed.
Already, 16% of Americans have invested in crypto, and he says that number will increase greatly in the next 10 years.
BTW ... some crypto coins, like Bitcoin, soared 5-8% after Biden's order.