Kevin O'Leary prevede molteplici crisi crittografiche

• Kevin O’Leary stated that there are plenty more such “meltdowns” to come and all unregulated exchanges will collapse like FTX.
• “It’s very hard to find an auditor that wants to touch this stuff right now because of the unregulated cowboy environment,” he said.
• The popular investor stated that if crypto exchanges are not transparent and don’t undergo audits, institutions won’t work with them.
• “Any time Bitcoin drops below $17,000 I add to our positions there,” O’Leary confirmed.

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The crypto market is gradually healing from the collapse of multiple crypto firms in 2022, and the last thing that the industry needs is another implosion. Interestingly, Shark Tank star and renowned investor Kevin O’Leary recently commented on the latest collapse of crypto exchange platform FTX, stating that there are plenty more such “meltdowns” to come.

Durante un colloquio with Kitco anchor David Lin, the investor said that the unregulated crypto exchanges would continue to fall like the once-leading exchange FTX. O’Leary, who is known for its support to now-bankrupt FTX, said that the meltdown was just one in a long line of “unregulated exchanges” likely to collapse. He stated:

“If you’re asking me if there’s going to be another meltdown to zero? Absolutely. 100% it’ll happen, and it’ll keep happening over, and over and over again.”

Notably, unregulated exchanges are ones that don’t follow similar operational procedures to conventional stock exchanges and brokerages, aren’t registered with and governed by a securities commission, and aren’t subject to routine auditing. O’Leary stated that the so-called “unregulated” exchanges are currently facing massive outflows. 

“They saw what happened at FTX and they’re not sitting around for an explanation,” he added.

The Shark Tank star went on to issue a stern warning to such cryptocurrency exchanges and said, “If you’re not willing to be audited, […] you don’t have an audit, you don’t want to be transparent, you don’t want to disclose ownership, why should institutional capital stay? Of course, it’s not going to.”

Il crollo di FTX, che ha lasciato gli investitori di criptovalute in uno stato di enorme shock, ha suscitato forti preoccupazioni da parte della comunità per una maggiore trasparenza degli scambi di criptovalute. Cinque exchange centralizzati, tra cui Binance, il più grande exchange di criptovalute al mondo, hanno completato i loro audit di prova di riserva nel giro di poche settimane, e molti altri hanno annunciato l'intenzione di seguire l'esempio.

Nevertheless, a senior official from the United States Securities and Exchange Commission (SEC) cautioned that proof of reserves doesn’t accurately represent a company’s financial position and urged investors to be “very wary” of these companies’ claims.

Mentre gli investitori in criptovalute dubitano della reale posizione finanziaria di queste società, anche un certo numero di revisori, tra cui Mazars, che aveva verificato Binance, sembra aver cambiato idea. Secondo quanto riferito, la società ha smesso di fare audit di prova di riserva per le società di criptovaluta a dicembre e ha persino rimosso il suo audit per Binance.

Other auditing companies, including FTX’s auditor Armanino, have also cut their ties with cryptocurrency exchanges, including OKX and Gate.io. O’Leary commented on the matter by stating:

“Frankly, you know, it’s very hard to find an auditor that wants to touch this stuff right now because of the unregulated cowboy environment. It’s all going to end and yes, there’ll be many more zeros.”

È fondamentale notare che un rapporto di dicembre del National Bureau of Economic Research (NBER) rivela che oltre 70% del volume su piattaforme di scambio non regolamentate è wash trading. 

Despite the ongoing chaos, O’Leary continues to increase his crypto investments.

“I have been going back into crypto markets lately. Any time Bitcoin drops below $17,000 I add to our positions there. Crypto is getting very interesting because we’re finally starting to see the bearer of regulation coming into play and I think long-term that’s a good thing,” O’Leary said.

It is crucial to note that Kevin O’Leary had a major stake in the now-bankrupt crypto exchange FTX, and he even went on to become the face of the firm. As recently reported by Bitnation, the multi-millionaire voleva aiutare Sam Bankman-Fried impedire il crollo del suo scambio.

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