Why Shark Tank’s Kevin O’Leary Believes Crypto Dip Is A Good Thing
Although the market has seen a lot of red recently, one celebrity investor thinks it’s a lot of necessary weeding out on the way toward long-term success
The current cryptocurrency dip has been sudden and stark. A significant majority of the top 100 cryptos by market cap are down more than 90% from their all-time highs. Despite this volatility and the possibility that this is a crypto winter, Shark Tank’s Kevin O’Leary is not only nonplussed— he believes what’s happening is part of the growth process and only strengthening his substantial investment in the space over time.
The Canadian-born O’Leary was a co-founder of Softkey Software Products, which manufactured family education and entertainment computer software. Bought out by Mattel in 1999, the proceeds he reaped from the sale made him a millionaire many times over, and he has since transitioned to a new career in investing, writing and television. This includes his well-known turn as a featured investor on the business start-up investing show Shark Tank. There are estimates that he may now be worth in excess of $400 million, of which he has continued making significant investments.
