Shark Tank star Kevin O’Leary, aka Mr. Wonderful, has warned of an impending “big panic event” in the crypto space. “I don’t believe we’ve seen the bottom yet and I have a different view of it,” he said.
Kevin O’Leary Warns of a ‘Big Panic Event’ in Crypto
Shark Tank star Kevin O’Leary shared his crypto outlook in an interview on Youtube channel Meet Kevin last week.
He was asked how far the price of bitcoin could fall and whether BTC could drop to $13K as some people have predicted. “It’s impossible to know where the bottom is,” O’Leary replied, adding:
I don’t believe we’ve seen the bottom yet and I have a different view of it.
Referencing his past experience, the Shark Tank star said: “I go back again to other asset classes that I have invested in for decades. In every case — traditional bonds, traditional equities, real estate, alternative asset classes — bottoms are reached with an event, a panic event as I call it, and you can find it in every asset class.”
O’Leary noted:
We...
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