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

What happened: O’Leary said at the time that 10,000 crypto tokens will likely 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.

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“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.”

In early January, 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.”

This story was originally published on February 7th, 2023.

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