Kevin OLeary Warns Massive Crypto Panic Event Incoming, Predicts Much of Industry Will Be Wiped Out

Shark Tank star Kevin O’Leary says he’s expecting to witness a massive capitulation event that will trigger fear and panic among crypto investors.

In a new interview on YouTube investment channel Meet Kevin, 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.

O’Leary is referring to crypto brokerage Voyager, a firm that filed for chapter 11 bankruptcy earlier this month after a big borrower defaulted on a sizable loan.

The billionaire highlights that he’s still waiting for a big capitulation event that would rock the crypto industry.

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