Kevin O'Leary: "Most cryptoassets will collapse to zero"
Shark Tank host and venture capitalist Kevin O'Leary said most digital assets have no value and will eventually drop to zero.
On the Wolf of All Streets podcast, Kevin O'Leary revealed that he lost his investment in crypto assets when FTX filed for bankruptcy last November. O'Leary noted that before the collapse of FTX, he invested in 32 crypto assets.
With the FTX bankruptcy case still pending, the investor re-entered the market and invested in seven cryptocurrencies, including BTC, MATIC, ETH and HBAR. O'Leary said he went back to compare the volatility of the investment portfolio before and after the FTX situation and concluded that it had remained the same.