shark tank star Kevin O’Leary has warned that the cryptocurrency industry is still filled with many worthless coins and projects, most of which have no future.

What happened: Accordingly O’Leary10,000 crypto tokens are likely to be completely devalued to zero.

“They will eventually just go to zero due to lack of volatility and lack of volume. You are irrelevant. And that will also be flushed from the market,” he said in an interview Scott Melker.

O’Leary also said that crypto exchanges binance could be subject to intensive regulatory scrutiny in the near future.

See more: Top Indian Apps Giving Bitcoin, NFT Rewards

“I would think whoever Binance shareholders are would be concerned about all the regulatory activity like bees buzzing around a hive right now. Not just US regulators – all regulators.”

Earlier last week, O’Leary said it was him I recently returned to the crypto markets. “At any time Bitcoin BTC/USD falls below $17,000, I add our positions there.”

Price Action: BTC traded at $23,277 in the last 24 hours, up 1.70%, according to Benzinga Pro.

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