Kevin O'Leary says the crypto bottom is in. He sees the collapse of FTX, which he invested in, as a turning point for the industry. bitcoin cryptocurrency
to become its ambassador and spokesperson. He also asked for his compensation to be paid in crypto and managed on the FTX platform.
It’s not the first time I’ve made a bad investment, probably not the last time, but luckily I make more good ones than bad ones and I learn from my mistakes. “You always need a big player to go to zero … It always gives you a good bottom when you get a large player over-leveraged that goes to zero, and that always tends to be the beginning of the rebuilding process,” he detailed in July. “Someone is out there on the brink of zero. That’s ok. In fact, I would argue that’s a good thing.” He emphasized at the time:
What I’m going to be doing is I’m going to fly to Washington and I want regulation. I want it now. No more delaying. I think this puts tremendous pressure on the SEC.
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