Kevin O’Leary Warns Massive Crypto Panic Event Incoming, Predicts Much of Industry Will Be Wiped Out
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Kevin O'Leary says he’s expecting to witness a massive capitulation event that will trigger fear and panic among crypto investors. O’Leary is referring to crypto brokerage Voyager, a firm that filed for chapter 11 bankruptcy earlier this month. The venture capitalist says he believes the bottom is not yet in for digital assets even though the market cap of the nascent industry has lost more than half of its value from its peak. The billionaire highlights that he's still waiting for a big, big panic event that would rock the crypto industry. “I have no idea who's next. Could be tomorrow morning, could be a month from now, but it will definitely be a very good thing for this industry,” he said. Source