‘There will be many more zeros’ — Kevin O’Leary on FTX-like collapses to come
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Unregulated crypto exchanges will continue to fall like dominoes post-FTX, with plenty more “meltdowns” to come, warns Shark Tank star and investor Kevin O’Leary.
O’Leary, a former spokesperson and proponent for the now-bankrupt FTX exchange,
Despite the noise, O’Leary says he’s doubling down on his crypto investments, particularly in Bitcoin (BTC).
“I have been going back into crypto markets lately. Any time Bitcoin drops below $17,000 I add to our positions there.”
“Crypto is getting very interesting because we’re finally starting to see the bearer of regulation coming into play and I think long-term that’s a good thing,” he added.
