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Shark Tank’s Kevin O’Leary Says FTX Debacle Is Not The End Of Crypto
The recent shocking collapse of a major cryptocurrency trading platform is causing a lot of pain, but one famous investor believes the industry will get past it
The recent shocking collapse of cryptocurrency exchange FTX sent massive waves across the industry and investing in general this last week. One of its most recognizable investors was Kevin O’Leary of Shark Tank fame. Although he was burned like many others, the self styled Mr. Wonderful is disappointed, but does not believe that the platform’s catastrophic crash is the end of cryptocurrency.
The Canadian O’Leary was a co-founder of Softkey Software Products, a manufacturer of computer software focused on family education and entertainment. Purchased by Mattel in 1999, the proceeds from the sale of his company made him a millionaire many times over. He has since transitioned to a new career as an investor, writer, speaker and television persona — including his long-time well known turn as an investor on the start-up show Shark Tank. It’s been estimated that the 68-year-old may be worth in excess of $400 million, an unknown portion (O’Leary is notoriously vocal about having a well diversified portfolio) of which he had invested in FTX.
