“To be expected, the FTX collapse is going to have some peripheral damage and I think there’s more to come,” says Kevin O’Leary, business mogul and star of ABC’s hit TV series Shark Tank. He clarifies his statement on if he would still support former CEO of FTX Sam Bankman-Fried, detailing that he, “wouldn’t because I wouldn’t be allowed to,” with impending investigations underway. “All of us at the cap table have spoken and we’re stunned, and we don’t have any answers yet,” O’Leary continues. “It’s clear to many people throughout the last few trading sessions that the various digital tokens are so correlated,” he says, “and most of the tokens that exist will go away.” The China wild card has been persistent every 90 days, “and the Chinese need to step up and buy a working vaccine to have the same herd immunity benefits seen in North America,” O’Leary concludes.
#FTX #SBF #blockfi
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00:00 Kevin’s take on the FTX fiasco
4:27 Kevin’s encounter with SBF
8:15 Kevin’s insights on backing up entrepreneurs after the FTX failure
10:44 What red flags did Kevin miss about Sam?
11:57 What would Kevin say to the haters?
13:37 What is Sam like as a person?
17:54 Will this speed up regulations coming?
19:56 Why are the regulations taking so long?
22:38 Kevin’s view on crypto
23:58 Overall market sentiment and Kevin’s investment advise
28:09 Black Friday sales and the retail sector
29:10 The Fed’s next move and the housing market
31:28 Kevin’s view on gold
33:48 Kevin’s watches collection
