Shark Tank’s Kevin O’Leary Explains Why Wipeout of Large Digital Asset Firms Is Great for Crypto

Shark Tank’s Kevin O’Leary Explains Why Wipeout of Large Digital Asset Firms Is Great for Crypto


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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