Well-known millionaire Kevin O’Leary, who is very active in the field of Bitcoin and altcoins, came to the fore with his latest comments. Kevin O’Leary pointed out that he added Bitcoin (BTC) to his portfolio after the latest FTX debacle. Here are the details…
Kevin O’Leary announced that he bought Bitcoin: There could be more fiasco!
Shark Tank star Kevin O’Leary warns investors of more potential fiascos in the cryptocurrency world. “Absolutely, 100 percent,” O’Leary said in an interview when asked if he “believes there could be a second FTX-like event.” “This will happen and it will continue to happen again and again,” he said. O’Leary said that unregulated exchanges are currently facing big exits, and smarter investors are realizing what’s going on with FTX and don’t want to wait for an explanation.
He stated that he has recently returned to the crypto markets. “Every time Bitcoin drops below $17,000, I add to our positions there,” he said. “The only place I have any crypto right now is the Canadian market, which is 100 percent regulated,” he added. O’Leary said he trades on platforms affiliated with an exchange regulated by the OSC (Ontario Securities Commission), adding that “you can’t put all kinds of rules together.”
He added that he would not put his money on unregulated exchanges. “Forget it, I’ll never do it again,” he said. cryptocoin.com As we reported, in December, O’Leary was accused of taking advantage of the FTX scandal to turn Binance CEO Changpeng Zhao into a global monopoly. However, Zhao called O’Leary a “liar” after this statement got on his radar.
Kevin O’Leary’s latest investments
The famous name generally believes that the unregulated cryptocurrency environment will cause the collapse of other companies. However, he remains an advocate for the industry, admitting to investing 5 percent of his wealth in Bitcoin. Despite his concerns about trading venues, O’Leary remains a keen supporter of the crypto-asset industry, particularly Bitcoin. The entrepreneur was among the biggest advocates of FTX before ending its exchange operations. He served as the exchange’s “ambassador” and signed a $15 million deal for it.
O’Leary also announced in October last year (a few weeks before the crash) that the platform is among the safest places for investors. In addition to this, the Canadian famous personality owned various amounts of shares in FTX. But of course they no longer exist. Apart from that, it is known that there are altcoins such as Ethereum (ETH), Solana (SOL), Helium (HNT), Polygon (MATIC), Algorand (ALGO) and Polymath (POLY) in O’Leary’s basket.
Contact us to be instantly informed about the last minute developments. twitter‘in, Facebookin and InstagramFollow and Telegram and YouTube join our channel!
Risk Disclosure: The articles and articles on Kriptokoin.com do not constitute investment advice. Bitcoin and cryptocurrencies are high-risk assets, and you should do your due diligence and do your own research before investing in these currencies. You can lose some or all of your money by investing in Bitcoin and cryptocurrencies. Remember that your transfers and transactions are at your own risk and any losses that may occur are your responsibility. Cryptokoin.com does not recommend buying or selling any cryptocurrencies or digital assets, nor is Kriptokoin.com an investment advisor. For this reason, Kriptokoin.com and the authors of the articles on the site cannot be held responsible for your investment decisions. Readers should do their own research before taking any action regarding the company, assets or services in this article.
Disclaimer: Advertisements on Kriptokoin.com are carried out through third-party advertising channels. In addition, Kriptokoin.com also includes sponsored articles and press releases on its site. For this reason, advertising links directed from Kriptokoin.com are on the site completely independent of Kriptokoin.com’s approval, and visits and pop-ups directed by advertising links are the responsibility of the user. The advertisements on Kriptokoin.com and the pages directed by the links in the sponsored articles do not bind Kriptokoin.com in any way.
Warning: Citing the news content of Kriptokoin.com and quoting by giving a link is subject to the permission of Kriptokoin.com. No content on the site can be copied, reproduced or published on any platform without permission. Legal action will be taken against those who use the code, design, text, graphics and all other content of Kriptokoin.com in violation of intellectual property law and relevant legislation.