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My Watchlist. Insider logo The word "Insider". Phil Rosen. Facebook Icon The letter F. Email icon An envelope. It indicates the ability to send an email. Share icon An curved arrow pointing right.
Twitter icon A stylized bird with an open mouth, tweeting. Twitter Facebook Icon The letter F. Facebook Email icon An envelope. Email Link icon An image of a chain link. It symobilizes a website link url. Copy Link. Redeem now. In an exclusive interview with Insider, Kevin O'Leary broke down how he's approaching the crypto bear market. The "Shark Tank" investor said the market correction hasn't yet seen a defining moment.
He also explained how he's betting on the "best intellectual capital in the world. Loading Something is loading. Thanks for signing up! Access your favorite topics in a personalized feed while you're on the go. Email address. Cryptocurrencies have attracted considerable attention and investment in recent years, including from large institutions and high-profile figures like hedge fund manager Paul Tudor Jones and fund manager Bill Miller.
Many tout bitcoin , the world's largest cryptocurrency by market value, as a long-term store of value. There's a raft of other, smaller digital tokens, too.
Crypto backers say it remains early earnings for the industry ï¿½ bitcoin itself has only been around since January Still, crypto startups are attracting billions of dollars of venture capital. At the same time, the burgeoning asset class remains volatile, and regulators like Securities and Exchange Commission Chairman Gary Gensler have warned about its "highly speculative" nature and the lack of investor protection.
The outgoing chair of the U. Among crypto's detractors, billionaire businessman Charlie Munger , a longtime partner of Warren Buffett and a Berkshire Hathaway vice chair, has also been critical of digital currencies and their volatility. In February, he said he wishes the U. Buffett is no fan either, calling bitcoin in "rat poison squared.
Here's the bear case for artificial intelligence. Tech's on a roll. But some market pros aren't convinced. Apple's patent for a new kind of iPhone could boost sales, UBS says. I own 32 different positions, including equity FTX itself," O'Leary said while disclosing he's a paid spokesperson for the cryptocurrency exchange, founded by year-old billionaire Sam Bankman-Fried.