Shark Tank star Kevin O’Leary says he’s expecting to witness a massive Bitcoin capitulation event that will trigger fear and panic among crypto investors.
“I like a big, big panic event. That’s always been a great way to bottom. It’s towel throwing. It’s capitulation. It’s massive volume. It’s total panic in the streets and always a great buying opportunity.
I have no idea who’s next. Could be tomorrow morning, could be a month from now, but it’s coming to a theater near you, and it will definitely be a very good thing for this industry. It’ll be a great thing because it’ll take out all of the bad broken business models, the heavy leveraged [and] the speculation that was too risky.”
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