Altcoin News- Kevin mentioned many of the cryptocurrencies would reach zero in no time.
- He also states “Innovation flow is always outside the government sectors”.
Kevin O’Leary, the Shark Tank famous television celebrity has made a sensational comment about the existing cryptocurrencies. On the wolf of all streets podcast show with Scott Melker, Kevin mentioned many of the cryptocurrencies would reach zero in no time.
The session titled “Every Unregulated Token Will Go To Zero” was telecasted on the 7th of February. The guest and host discussed various cryptomarket topics like FTX, memecoins, regulations, and stablecoins. Kevin seems not to be a great believer in memecoins. And mocked it by expressing a token with the name “poo poo”.
Kevin stated:
“I am going to launch a token called poo poo and lets see what we can do”
Scott also added the statement of creating a dog-themed representation will lead to a yield of “billion market cap within a week”. Kevin also questions the solvency of Binance and believes there will be more bankruptcies soon.
Kevin’s Support to FTX
Kevin was an effective spokesperson for collapsed crypto exchange FTX, and it said he was paid $15 million from the firm. At times he also expressed his choice of backing the ex-CEO of FTX stating SBF to a “one of the most brilliant traders in the crypto universe”.
Post the collapse, Leary has made some changes in his crypto portfolio. He had chosen to make positions in major names such as Bitcoin, Polygon, Ethereum, HBAR, etc. Be it in with 32 positions or 7 positions, the volatility remains the same, according to him.
While answering the question related to regulating the stablecoins, Kevin emphasized the point, innovation flow is always outside the government sector. And there is a 50% chance of passing on the bill for regulation in the house, starting with the stablecoin.
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Source: https://thenewscrypto.com/kevin-oleary-considers-10000-crypto-tokens-as-worthless/