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Shark tank star Kevin says FTX collapse poked the bear in Washington

Shark tank star Kevin says FTX collapse poked the bear in Washington 4

Kevin O’Leary shared the positive outcomes because of the bad events that happened in the Crypto sector in 2022.

Kevin O’Leary is a famous Canadian businessman and entrepreneur. He is one of the stars of the Shark Tank show & known as Mr. Wonderful. Around 3 years back, Kevin criticised digital assets because he lost his money in Bitcoin trading but later he became a Crypto proponent. This Canadian businessman researches the best crypto projects himself to invest money, instead of following any kind of hype or news blindly.

Recently Kevin O’Leary appeared in live streaming with Stansberry Research’s Daniela Cambone. In that appearance, Kevin talked about many things and also shared his thoughts on the crypto sector’s current phase. 

On the matter of FTX’s bankruptcy, Kevin said that he didn’t expect any better news about FTX’s recovery but he believes that a good outcome surely came because of that incident. The Canadian businessman noted that  FTX’s bankruptcy had stirred the decision-makers in Washington. 

Shark Tank star stated:

“The whole narrative at FTX now is about recovery. If there’s one silver lining in this whole FTX thing, it’s the fact that it poked the bear in Washington.”

Kevin also said that he received huge numbers of calls from senators and congresspeople to get opinions & help to introduce new legislation & policies on the digital assets payment platforms. 

According to Kevin, in the next 12-14 months we will see a better situation for the Crypto sector because it’s a bipartisan effort.

Kevin O’Leary & FTX exchange

In the past, Kevin received $15 million from the FTX exchange to promote the FTX exchange as a better crypto trade platform. 

After the downfall of the FTX exchange, many people in the Crypto Twitter Community criticised him for bad platform’ promotion. 

Kevin also responded on this matter and said that he received only $10 million after all tax payment procedures and he invested all the funds in the flagship Crypto assets on the FTX platform and all that funds had been lost with the bankruptcy of the FTX exchange. 

Read also: Binance launches tax tool amid increasing of tax calculation hurdles

Shark tank star Kevin says FTX collapse poked the bear in Washington



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