Shark Tank’s Kevin O’Leary forecasts a major capitulation event that will drive investors to dread and panic.
According to a recent interview with the Meet Kevin YouTube investing channel, the investor, Kevin O’Leary thinks digital assets have not yet bottomed out, despite the industry’s market capitalization losing more than half of its value since the peak era.
As far as I know, no prominent name has gone to zero yet, and I believe it will happen in the future. It’s hard to tell who it is because it’s going to be because of leverage and some type of link with a counterparty holding that they have not revealed, and I’m just guessing right now, but that would be extremely beneficial for the market.
The Voyager is too tiny. That is irrelevant. There was little significance in the remainder of this group when it came to overall market value. Is this a sign that we’re on the verge of a collapse?
According to the well-known billionaire, the cryptocurrency business is still waiting for a significant surrender that would rock it to its foundations.
“I’m a great fan of major panic. The best method to go to the bottom has always been that way. Towel-throwing is the sport. It’s surrender. It’s a huge amount of data. It’s a wonderful time to purchase because of the hysteria in the streets.
I don’t know who’s going to be next. Could be tomorrow or a month from now, but it’s coming to a cinema near you and it’s going to be a huge boon to the business. To remove all of the terrible, broken business models, huge debt, and speculation that was too hazardous,” it will be a terrific thing.
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