Venture capitalist and Shark Tank star Kevin O’Leary says that the collapse of large and overleveraged crypto companies could be beneficial for the nascent industry.
In a new interview on CNBC, O’Leary says that a wipeout involving a major player with complicated positions could be good for any financial market.
“Let me explain how bottoms are made in any market. I don’t care if you’re in equities or in debt or in crypto or in real estate. You always need a big player to go to zero. That always helps whether it’s a long-term capital or whether it’s one of these crypto infrastructure companies.
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I don’t want this to happen, but it always gives you a good bottom when you get a large player, overlevered,
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