{"id":24,"date":"2022-07-11T01:09:27","date_gmt":"2022-07-11T01:09:27","guid":{"rendered":"http:\/\/live-script.xyz\/kevin-oleary-warns-major-crypto-panic-event-is-coming-i-dont-believe-weve-seen-the-bottom-yet\/"},"modified":"2022-07-11T01:09:27","modified_gmt":"2022-07-11T01:09:27","slug":"kevin-oleary-warns-major-crypto-panic-event-is-coming-i-dont-believe-weve-seen-the-bottom-yet","status":"publish","type":"post","link":"https:\/\/live-script.xyz\/kevin-oleary-warns-major-crypto-panic-event-is-coming-i-dont-believe-weve-seen-the-bottom-yet\/","title":{"rendered":"Kevin O\u2019Leary Warns Major Crypto Panic Event Is Coming \u2014 \u2018I Don\u2019t Believe We\u2019ve Seen the Bottom Yet\u2019"},"content":{"rendered":"

Shark Tank star Kevin O\u2019Leary, aka Mr. Wonderful, has warned of an impending \u201cbig panic event\u201d in the crypto space. \u201cI don\u2019t believe we\u2019ve seen the bottom yet and I have a different view of it,\u201d he said.<\/strong><\/p>\n

Kevin O\u2019Leary Warns of a \u2018Big Panic Event\u2019 in Crypto<\/h2>\n

Shark Tank star Kevin O\u2019Leary shared his crypto outlook in an interview on Youtube channel Meet Kevin<\/a> last week.<\/p>\n

He was asked how far the price of bitcoin could fall and whether BTC<\/a> could drop to $13K as some people have predicted. \u201cIt\u2019s impossible to know where the bottom is,\u201d O\u2019Leary replied, adding:<\/p>\n

I don\u2019t believe we\u2019ve seen the bottom yet and I have a different view of it.<\/p>\n

Referencing his past experience, the Shark Tank star said: \u201cI go back again to other asset classes that I have invested in for decades. In every case \u2014 traditional bonds, traditional equities, real estate, alternative asset classes \u2014 bottoms are reached with an event, a panic event as I call it, and you can find it in every asset class.\u201d<\/p>\n

O\u2019Leary noted:<\/p>\n

We haven\u2019t seen that yet in crypto land. There\u2019s no big guy that\u2019s gone to zero yet and I think that\u2019s still to come.<\/p>\n

He added that it is difficult to predict who will fail next \u201cbecause it\u2019s going to be because of leverage and some kind of relationship in a counterparty holding that they have not disclosed.\u201d<\/p>\n

He said Voyager, the crypto lender that filed for Chapter 11 bankruptcy<\/a> last week, is too small to matter. \u201cThe rest of these guys were kind of irrelevant in terms of total market cap,\u201d he opined.<\/p>\n

The Shark Tank star pointed out that the crypto market, including bitcoin, \u201chas almost been cut in half in total market cap, so you would think we are on our way to the bottom.\u201d<\/p>\n

However, he stressed: \u201cI like a big, big panic event. That\u2019s always been a great way to bottom \u2014 It\u2019s towel throwing, it\u2019s capitulation, it\u2019s massive volume, it\u2019s total panic in the streets \u2014 and always a great buying opportunity.\u201d He elaborated:<\/p>\n

I have no idea who is next. [It] could be tomorrow morning, could be a month from now, but it\u2019s coming to a theater near you.<\/p>\n

Mr. Wonderful concluded: \u201cIt will definitely be a very good thing for this industry. It\u2019ll be a great thing because it\u2019ll take out all of the bad, broken business models, the heavy leverage, the speculation that was too risky.\u201d<\/p>\n

The Shark Tank star has predicted<\/a> that trillions of dollars will flood into crypto from institutional investors once the regulators adopt a crypto policy. He believes that crypto will become the 12th sector of the S&P. In June, O\u2019Leary revealed he is holding 32 positions in the digital asset space and is not selling any despite the crypto market sell-off. \u201cI\u2019m not selling anything \u2026 Long term, you just have to stomach it. You have to understand you\u2019ll get volatility, and that some projects aren\u2019t going to work,\u201d he emphasized<\/a>.<\/p>\n

What do you think about Kevin O\u2019Leary\u2019s predictions? Let us know in the comments section below.<\/strong><\/em><\/p>","protected":false},"excerpt":{"rendered":"

Shark Tank star Kevin O\u2019Leary, aka Mr. Wonderful, has warned of an impending \u201cbig panic event\u201d in the crypto space. \u201cI don\u2019t believe we\u2019ve seen the bottom yet and I have a different view of it,\u201d he said. Kevin O\u2019Leary Warns of a \u2018Big Panic Event\u2019 in Crypto Shark Tank star Kevin O\u2019Leary shared his […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[1],"tags":[],"yoast_head":"\nKevin O\u2019Leary Warns Major Crypto Panic Event Is Coming \u2014 \u2018I Don\u2019t Believe We\u2019ve Seen the Bottom Yet\u2019 - Latest Cryptocurrency & blockchain News<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"http:\/\/live-script.xyz\/kevin-oleary-warns-major-crypto-panic-event-is-coming-i-dont-believe-weve-seen-the-bottom-yet\/\" \/>\n<meta property=\"og:locale\" content=\"ko_KR\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Kevin O\u2019Leary Warns Major Crypto Panic Event Is Coming \u2014 \u2018I Don\u2019t Believe We\u2019ve Seen the Bottom Yet\u2019 - Latest Cryptocurrency & blockchain News\" \/>\n<meta property=\"og:description\" content=\"Shark Tank star Kevin O\u2019Leary, aka Mr. Wonderful, has warned of an impending \u201cbig panic event\u201d in the crypto space. \u201cI don\u2019t believe we\u2019ve seen the bottom yet and I have a different view of it,\u201d he said. 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