It is known, the Canadian businessman is a great admirer of Sam Bankman-Fried. In recent years, he hasn’t missed an opportunity to praise the founder of the FTX cryptocurrency exchange. Last month, he said in an interview that FTX is the last place he would expect to have problems. A statement that came in a context of bear market and where the question of the credibility of the players in the sector was raised. While Kevin O’Leary lost a lot of money in the FTX crash, he still believes in Sam Bankman-Fried’s potential.
Kevin O’Leary will continue to support SBF
At the exchange with Youtuber Crypto Banter, Canadian entrepreneur Kevin O’Leary is back in the news of the sector. Contrary to all the stories where we bring up SBF’s responsibility in the FTX scandal, Kevin O’Leary said all the good things he thought about SBF. For him, SBF remains an excellent trader, capable of generating income. He has indicated that he will bring SBF to his team if the former chief executive is confined to a narrow trader role.
“You can love him or hate him given what happened, but I think we can all agree that he was one of the brightest traders in the cryptocurrency universe”he has declared.
When asked if he would support SBF in a hypothetical new crypto venture, Kevin O’Leary said yes. That is, as long as the former head of the cryptocurrency exchange would only have commercial control of the assets, instead of operational control. He added that he strongly believes that SBF’s future ventures will be worth watching by investors.
You should know that Kevin O’Leary has lost significant sums in the FTX shutdown. But he’s happy that he’s diversified his investments, which means he’s not affected much by the situation. Separately, O’Leary advised investors to consider cold storage of their assets to stay safe during this challenging time.
Kevin O’Leary’s position offers a different approach, while the entire community resents SBF. A few days ago, Billy Markus, the founder of Dogecoin (DOGE), strongly criticized SBF. He also called on the community and investors to be wary of him.
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Far from dampening my enthusiasm, a failed investment in a cryptocurrency in 2017 only increased my enthusiasm. I therefore decided to study and understand the blockchain and its multiple uses and to convey information related to this ecosystem with my pen.