Kevin O’Leary: I invested in FTX. Here’s the big problem with crypto.

Crypto is a lot of things, but it isn’t a currency according to Shark Tank investor Kevin O’Leary, aka “Mr. Wonderful." What would it take to get there?
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Is the collapse of a $25 billion cryptocurrency startup a death knell for the industry? Not according to Kevin O'Leary, an investor, businessman, and author. He sees the failure of FTX as a speed bump rather than a roadblock, underscoring the distinction between speculative assets like Bitcoin and more stable entities like Stablecoins.
Despite the turmoil, O'Leary maintains that the potential of cryptocurrencies remains vast. He foresees their integration into the global economy but contends that this can only happen successfully with appropriate regulation to curtail the sector's “Wild West” tendencies. As the cryptocurrency community awaits the final outcome of the SEC’s lawsuit against Ripple and other companies, it remains to be seen whether or when digital assets will be incorporated into our daily economic lives.
0:00 FTX's "utter catastrophe"
0:58 What crypto is missing
1:23 Speculative assets vs. stable coins
3:10 Should we trust the government to regulate crypto?
5:45 Where do we go from here?
Read the video transcript ► bigthink.com/series/the-big-t...
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About Kevin O’Leary:
Kevin O’Leary, known as “Mr. Wonderful” and “Uncle Kevin,” is a businessman, TV personality, and investor. Co-founder of SoftKey International, he orchestrated its $4.2 billion acquisition by Mattel. O’Leary later ventured into asset management and became a prominent investor on the TV show “Shark Tank,” where he delivers candid business advice and cuts deals with his famous no-nonsense approach. He is also currently chairman of O’Leary Ventures and promotes financial literacy by empowering individuals with pragmatic guidance and best-selling books, such as “Cold Hard Truth” and “The Cold Hard Truth on Men, Women, and Money.”
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[@RobChapman-Smith]

Hey y'all, this is Rob, I'm the Editor-in-Chief of Big Think. I see many folks are wondering why we had Kevin O'Leary on to talk about the future of crypto. In my view, one of Big Think's essential functions is to use our platform as a library of perspectives. Kevin O'Leary's opinions and involvement within crypto placed him at the center of one of the biggest financial scandals since Enron. In addition, his opinion on crypto has shifted numerous times, but it's always been delivered within the context of shouty talking head-style interviews. Given that neither the FTX nor crypto stories are finished, I felt it was worthwhile for Big Think to speak with Mr. O'Leary about his updated thoughts, given that they could be relevant in the future and, if he changes his opinion, there's a clearly articulated version of his previous argument. No Big Think video is ever an endorsement of a person's views; it is always chosen with an eye toward opinions worth considering or having recorded. We are obviously always open to your feedback if you think this was a miss.

[@hervymarquezgarcia1079]

It was a fun vid. He makes a good point on regulation that I hadn't considered. For now, crypto has the bad rep of being a get rich quick scam but it definitely has the potential to do a lot. I don't think we'll see that until a long time from now

[@aperexspatio554]

I don't see the slightest credibility in his statements... He supported the scamer and was deceived by him... And I, a small man, who hopes for a fair system, he, and his new friends, will put me under the motto "protect investors" and forbid me from bidding... Hey, isn't it wonderful to support something like that... I rarely comment, but I will not support his words in "Big Think".

[@ynotlearn4190]

I don’t trust him nor do I believe him. He’s pro capitalist, and a hustler. He has way too much experience to had not known that crypto is a scam/casino.

[@Nvgification]

I respect Big Think's dedication to showcasing a spectrum of perspectives, but I think it's crucial to scrutinize the potential effects of these views. The promotion of FTX by Kevin O'Leary led many to invest, and following the scandal, these people are now in financial distress. O'Leary's changing position on crypto, especially his recent depiction of the entire crypto landscape as problematic or ''missing key features'', seems to shift the blame away from his actions. His enthusiastic endorsement of FTX played a key role in drawing a large crowd to the platform. However, instead of recognizing his involvement in the situation, he's casting blame on the wider crypto sphere. While preserving these perspectives for the future is important, holding individuals accountable for their influence is equally necessary. Offering O'Leary a stage to express his views without questioning his involvement in the FTX controversy, Big Think may unintentionally support his blame-shifting.

[@greengoblin2460]

Despite this, what is the point of getting O Leary’s opinion on this topic? He has surface level knowledge and that is not valued by any of subscribers. Might as well get SBF on this too.

[@patriciazandilencube4597]

Alternative title 'Kevin O'Leary tries to do damage control and distance himself from crypto after pushing it onto people who have now lost their savings and lots of hard-earned money'.

[@georgealexanderp]

Needs to be the top comment

[@mb7196]

yes that's very true. But he's still correct.

[@AnimeBeefRandoms]

haha that's funny. You lost the money, not whoever you want to push blame on 🤣🤣

[@cooltrades7469]

@@AnimeBeefRandoms She did not say that she lost and it's exactly what this guy does. He should not speak on the matter . He was promoting the scam . Get the point ? It's about HIM talking on FTX . Worthless.

[@fsoileau]

I agree but as I understand he was giving a crap load of shares to promote it. Anyone looking for an investment guru should just invest in an index fund. I don't care if you lost every dime because you invested out of speculative greed.

[@davidblake8612]

It's like having a bank robber on to explain that banks should have better security - and then the baddies won't rob them.

[@deathshock5072]

@@MikJames look at the ones who invested with ftx including kevin.

[@paulcooper1046]

That's a legitimate narrative. The people that can teach you the most about bank robberies are successful bank robbers.

[@yanmustand]

If they explain how and why in details i would watch 🤷

[@AUstinnesc]

I’m glad this Sam Bankman-Fried got his justice. This case made me sick. He ruined other people’s life savings. And now we have a major precedent for anti-fraud in crypto.

[@Blitcliffe]

I have the vague feeling, he looked at the 2007 housing crisis and said, hey, I can repeat this without anyone going to jail. And he forgot he was not a bank, not the government.

[@Defisher]

Quite Shocking to me, A few investors I read about were able to make profits of upto $50,000 monthly, so am I doing something erroneous? please i need some hints on how to make enormous profit>

[@sheltonPston]

Agreed, instead of panic or following a hearsay, I simply adopted the service of an advisor early 2020 amid covid-outbreak, and so far, I've attained my most measurable financial milestone of $650k after subsequent investments.>

[@corrySledd]

Impressive can you share more info?

[@sheltonPston]

I receive financial advice from "Nicole Desiree Simon", a well-qualified and well-established wealth counselor headquartered in California. Her basic information can probably be found online.

[@Oneofakind123]

Don't trust anyone calling himself Mr Wonderful 😂

[@rannyorton]

I started investing about 2 years ago. But with the way things are going, I honestly do not see my self making a million box anytime soon. I trade on stocks but my profit and loss margin are grossly miles apart

[@smithlenn]

It's scary how true this message is. What steps can we take to generate more income during quantitative tightening? Also, on the contrary, how can we profit in times of quantitative easing? Where should we put our investment money now to better prepare for the future and a liquidity crisis?

[@dawsondanny990]

I don't have a full-time job; instead, I'm self-employed with a variety of sources of income. Regardless of how much money I generate each month, I maintain the same budget and adhere to my means-tested lifestyle.

[@tradekings5433]

Having an investment advisor is the best way to go. Based on a direct encounter with a CFP named Kate Elizabeth Amdall, I can say with certainty that their skills are excellent. She helped raise over $580,000 in 18 months from an initially stagnant portfolio of $150,000

[@smithlenn]

INTERESTING! ! can u share more details?

[@tradekings5433]

Cant reveal much info, she is the shrewd advisor responsible for my portfolio success, it's only right you look her up and confirm yourself.

[@JPaige-th2we]

He did not tell you that he lost Millions and then went and cried to congress and tried to put the blame for FTX failing on someone else. He is not Mr. Wonderful. He is Mr. Greed.

[@aimoneybots1169]

Kevin got paid 15 million and did not use his own money. He's a liar. Had he lost his own money, he would have wanted off with FTX head.

[@darksoul1381]

Mr. Not-So-Wonderful

[@nurlindafsihotang49]

So, like all finance investor a.ka mr. Moneybag?

[@Invertedworldx]

And Mr Bullshit lol

[@davediscostrezzo2107]

He didn’t lose anything lol he only invested what FTX paid him to be a sponsor so it wasn’t really his money 😂

[@ofgaut]

When they are on a gain roll, the regulation is bad. When shit happens they beg government for regulation

[@galaxygrl1047]

Amen! He is such a narcissist that he thinks babbling overshadows this basic fact.

[@el_argent0]

This guy personifies everything that is wrong with the monetary system

[@cwpv2477]

tru

[@CrapKerouac]

Commonsense Skeptic has a very good three part documentary on Kevin O'Leary here on KZbin. It's called Debunking Kevin O'Leary. The Man is a fraud.

[@20cmusic]

And you guys want "Decentralized" coin.😂😂😂

[@bruceonline]

Rich guy propaganda to run cover for why this guy isn't in prison.

[@cwpv2477]

@@20cmusic yes

[@BossRedRanger]

This screams of 1%er bullshit. He tanked crypto but sees the opportunity still so now he wants to regulate it to his own benefit.

[@LeeScherlpc]

Yuck. Advice from the guy who recently said he'd willingly invest with SBF again, after shilling that Ponzi scheme to whoever would listen. A guy who will lend his name to any company that pays him a thousand bucks online (see Cameo/coffeezilla). Probably would be smart to keep a clearer distinction between Big Think and unscrupulous guest speakers.

[@randomcomputer7248]

Yeh ! His "big think" was obvious from the start, Crypto technology can be useful, but no government would let currency be out of their control.

[@mayajade1750]

Startup yes, but he stood by them and pushed it on many people

[@technolus5742]

Oh so are most startups just giving out personal loans with clients money that is entrusted to them? 😂

[@bradonlee9832]

@@technolus5742 Oh so you need to read the comment to better understand. 😂

[@technolus5742]

@@bradonlee9832 My comment was not super related to the op's comment, nor does it intend to disagree with that comment.

[@jvercellino]

Could it be because SBF paid for his "Wonderful" endorsements?

[@mofo888]

This guy makes bad bet after bad bet yet is still lauded as some financial genius.... He's probably just a mouthpiece.

[@kevinroy1736]

he was a paid mouth piece, a portion in cash and a portion in shares was his payment, he didn't invest anything.

[@manpreetlakhanpal9720]

people who make the bad bets are usually the ones that know what not to do.

[@kevinroy1736]

@@manpreetlakhanpal9720 yep. He got paid $5million I think, what he is upset about is he lost the other $5 to $10 million locked up in shares. ya I feel horrible for him, a very small amount of his time, for a big pay day.

[@IronTom]

anyone who has done research on crypto knows that if its not your keys it's not your crypto... hard to believe someone like Kevin didn't know this. Questionable integrity..

[@JaysonT1]

Sounds like wishful crypto investor thinking

[@cwpv2477]

he did he just fudding

[@IronTom]

@@JaysonT1 you mean Kevin was wishful that crypto exchange is safe? Very poor risk assessment given that banks do same over and over. Like literally 101. Banks/Exchanges issue more than they have and then don't have enough liquidity when people wish to withdraw.. Doubt any exchanges hold 1:1.

[@mb7196]

anyone who does real research on crypto knows it's a fucking ponzi scheme joke.

[@aimoneybots1169]

Kevin got paid 15 million and did not use his own money. He's a liar. Had he lost his own money, he would have wanted off with FTX head.

[@kenambo]

I used to like Big Think but this is a low point.

[@claudettes9697]

Totally disappointed seeing him here.

[@lukehorton4373]

Same lol

[@lukehorton4373]

Actually tho i hope he paid BT a whole lot to be able to be on the channel

[@quinnrichardson8111]

Why??

[@MrChazz965]

Yeah, he’s a dud

[@claudettes9697]

@@MrChazz965 That’s very gracious and diplomatic of you. 😉

[@djankovski]

Why is Big Think risking their reputation by giving this guy a platform? He's a grifter who understands everything at a surface level.

[@lucasss02]

This. He is a hack and a fraud. Don’t give this guy airtime please…

[@jagelves]

Might as well interview Gensler

[@DealerIgnition]

100% Big Think dropped one basis point thanks to Kevin. Maybe next have Andrew Tate speak about masculinity 🤮

[@StevelaFrench]

I came here to express the same opinion.

[@djankovski]

@@DealerIgnitionTrue. If this is the level of scrunity they perform while choosing their guests, I am disappointed.

[@MO-tp8lh]

How much is this ’victim’ getting paid for this performance?

[@JaysonT1]

Let me guess, you invested in crypto and you're going to be a multibillionaire?

[@patrickfitzgerald2861]

He should be in jail.

[@IronTom]

of course he will make the case for "crypto" is not safe. Making the case for CBDC, which will be government backed and won't have these "safety" issues. Most people will give up the freedom for safety and convenience. - as they don't know any better. Nothing to do with getting rich.

[@BossRedRanger]

A lot more once he can use his money to control the regulations that will benefit him.

[@ginalolli3477]

10 BTC?

[@laszlolee]

It's alright, the average investor struggles with when to sell or hold, as for making consistent profit even during a market crash, your best bet is having a professional guide you.

[@romiverajr]

Haha, great to know I'm not the only one that go through series of emotions when dwelling with my investments.

[@user-wt6zf4ek9k]

It's gotten especially difficult since after the pandemic, hence why I decided to use the expertise of an advisor, my spouse kicked against the idea initially, but oh well guess who's best buddies with our advisor now hehehe

[@krisgrigo]

which advisor do you use and are you making more than average returns?

[@user-wt6zf4ek9k]

@@krisgrigo I'm been guided by "Susan Bauer Normansell," who is widely recognized for her competence and expertise in the financial market. She has a thorough understanding of portfolio diversification and is regarded as an authority in this field.

[@krisgrigo]

Thank you for this tip. It was easy to find your coach. Did my due diligence on her before scheduling a phone call with her. She seems proficient considering her résumé.

[@lynnb2262]

This from the Man who called Crypto "Garbage" in 2019 and then Accepted $15M from SBF to pedal FTX tokens...Kevin's Integrity has a price.

[@beerman204]

This man has not earned the right to be on a program of high integrity.

[@heman248]

Big think just lost all credibility. Michio Kaku and other ideas that have been exposed here are universes apart from this guys ulterior motives.

[@happykillmore349]

Thank goodness that's not what this channel is

[@jakobthelibrarycard6261]

Mr Wonderful? WTF?

[@jakobthelibrarycard6261]

@@happykillmore349 Sally Jessy Raphael. Now that was some high integrity tv.

[@gemlifemoments]

Write down the names of everyone like Kevin who promoted FTX and other scams. Then be sure to never listen to what they have to say. Invest in real assets and companies that produce products we buy and use regularly.

[@knightnxk2906]

too slow

[@Neo-Raider]

@@knightnxk2906 Larry David tried to warn you ...But no one listened

[@WEBUYUGLYAUTOS]

EXACTLY 100 % Have people forgot just how bad Kevin did to millions of people ? The FTX scam crypto exchange paid him 10 million + to be a spoke person and the entire thing was a scam. My CPA said it would only take him 30 minutes to identify the scam. So Kevin which one is it you do not know your math or did know your math and were corrupted bu 10 million dollars. In my opinion Kevin HAS NO credibility fox news needs to NOT have him on. Also to make my point about him he was doing those get rich quick real estate courses in USA charging 20 k Kevin in my opinion is a conman that only cared about himself

[@writenamehere0000]

But in that case you need to invest a lot. And people dont have a lot.

[@gemlifemoments]

@@writenamehere0000 No. You just need to buy a few stocks in companies that produce products we love. For example, Coca Cola is $53. PG which creates tide and most other detergents is $143. Anyone can buy a few of these shares.

[@Eusantdac]

Ohh Kevin ... just keep quiet after this huge blunder.

[@saitop3848]

You should be ashamed of having Kevin Leary talk about crypo.

[@marcelo55869]

why is he on big think? Isn't this channel for promoting good ideas?

[@Najur.]

He is a laughing stock for me, I don't know about you guys!

[@chadester001]

Why so ? Isn't crpyto highly volatile in nature ?

[@Healitall]

There were a lot of people who didn't knew excatl what they were getting into because of all the lies (not only start up promises) and he didn't knew either, that's what I think.

[@chiquita683]

100%, I don't get why he's not in jail too

[@chiquita683]

​@@HealitallWasnt he a paid sponsor?

[@Najur.]

@@chadester001 While I appreciate you reply, and consider you giving Kevin the benifit of doubt, I highly recommend you to watch his interview with Hasan Minhaj. In that interview he come of as a extremely sketchy character. Once again Thank you.

[@rsolano60]

He looks like a clown now trying to tell us he understands this stuff... Bitcoin is absolutley not JUST a speculative asset.

[@rsolano60]

Bitcoin is HARD MONEY

[@douglas5097]

Of course it is man. The value is not defined or stable yet. The day it becomes a mainstream currency, then you can say it is not speculative anymore. Until then, people believe that BTC is the future and we’re betting on it.

[@robm6803]

😂😂

[@seantrentham9979]

@@rsolano60 you can't touch it, it's not hard money.

[@sighko05]

@@seantrentham9979You are a 🤡

[@SankofaNYC]

Oh wow… regulation is a good thing now… ok wasn’t expecting that one from Kevin… he will probably say otherwise the moment regulation helps tons of people but limits his business in other ways

[@bliptripmusic]

Literally everyone who has been paying any attention for the last three years is aware that some regulation is desperately needed for crypto, just probably not the regulations Kevin wants to 'protect' investors.

[@somethingsomething8780]

How do you have an amazing video about Psychopaths with Brian Klass a week ago then turn around and platform a Psychopath? Big Think should probably watch their own videos.

[@markm7524]

Whatever O’Leary says about crypto, just do the opposite and you should be fine.

[@mb7196]

well that's some colossally stupid advice.

[@thugzbunny6148]

He didn't "invest" tho....he got paid like $15milliom to endorse FTX without looking into it. He's a scam artist. Believe nothing he says.

[@jim9198]

I am saddened to see O'Leary on your channel. Associating with him lessens your integrity. :(

[@patrickfitzgerald2861]

Agreed.

[@BitcoinWillFixEverything]

Ah, yes Kevin. Worried about the little guy, are you? All cryptoassets other than Bitcoin are just scams and will eventually go down to zero. I'm sure he's well aware of this fact, but he's going to make a killing on investors until that happens.

[@user-qi3hf8ko3q]

how? don’t know a lot about him

[@listey]

Agree. Absolute scumbag.

[@adekunleademoroti8190]

Agreed

[@mtnvalley9298]

This guy is addicted to giving bad advice.

[@AdrianMark]

Indeed. But I think he's not giving bad advice, he's giving advice that will only benefit him 😂

[@PedroMiguel-if3ll]

AKA Bad Advice!

[@richarde735]

we have a whole lot of greed in government too! the dis-trust of government is because our politicians are there for themselves and not the people they represent.

[@ryry9780]

O'Leary's statement can be all summed up to: "Everyone who bought into crypto knew it's speculative and the risks of gambling. Crypto still has huge potential and the demise of FTX (and other exchanges before it) does not change that, the same way that the fall of Lehman Brothers and Bear Stearns did not change anything in the long term. The space just lacks regulation and, in the end, no matter how much people say they hate the government, they will always turn to the government in times of crises." No shit, sherlock. That doesn't explain why he kept defending SBF as the collapse was happening.

[@Mr.V888]

"Crypto" is Greek for "hidden", "concealed", "latent", or "closeted", that's how the Greek word "crypto" can be rendered in English, depending on the context. Governments cannot regulate what is hidden from them, if they are able to regulate it they will also be able to control it and manipulate it. Eventually it will lead to complete loss of financial privacy.

[@irenaeusofpensacola]

I have a similar investment philosophy to what Kevin O' Leary used to have. When I saw him doing things like releasing an internet giants etf (that doesn't pay a dividend and was mostly in non-dividend paying stocks), I was thinking, "Kevin, what are you doing?" Then, Kevin got on the crypto chain (after correctly calling Bitcoin garbage). At that point I was thinking, "Kevin, what the HELL are you doing?!" I hope he has truly learned his lesson.

[@Mrdestiny17]

He won't learn a thing until he's sitting in a jail cell with Big Bubba

[@nilszimmermann7102]

Back in the day: "Crypto protects you from the state" Now: "Crypto does not work properly without the state" (Quotes not direct)

[@winstonhood6371]

I think both claims are still being but different people. There is no great difference between, both are trying to promote something that's mostly going to favour themselves. Blockchain technology will be extremely helpful, but not necessarily as cryptocurrency.

[@VoteForBukele]

Everything about crypto is based on human emotion. It’s a decent concept when used within a framework. But the idea of Bitcoin is in and of itself stupid af.

[@20cmusic]

That's what crypto speculators say. 😂

[@CryptoC4T]

"properly" means the state should be there to bail Kevin out if he takes another loss. Because he is Mr Wonderfool.

[@sheeds8340]

great point

[@ansred]

Crypto was invented to be decentralized and not regulated. The trust can be relayed by blockchain.

[@loquek]

Well... I used to trust Big Think to bring people on who were exemplars in their field... this guy has a tragic track record, and I wouldn't recommend anyone listened to a minute of what he has to say

[@Drudog62]

Perspective is everything I think making it a longer video and introducing another perspective would have soothe people over

[@macxgeek]

The Sarbanes-Oxley Act was literally enacted because of Enron, so no, these past catastrophes didn't change anything. They changed everything, SOX is a big deal and requires a lot of time, effort and resources to meet this regulation

[@chrisfreund509]

Its interesting to learn at around 3:50 that those sectors don't rely on utilities, energy, communication, technology or any materials.

[@LogicalPrime]

This was the longest way of saying crypto needs to be regulated that I've ever heard

[@DealerIgnition]

It’s hard to trust a word of Mr. Wonderful since he tries so hard to spin things.

[@bobbowie5334]

Crypto is the currency of the 'dark web.' On the dark web they laugh at 'regulation.'

[@michael2275]

His big problem is not understanding 'crypto' vs. bitcoin.

[@JaysonT1]

Bitcoin is crypto! I swear, this shit is like a fucking religion to you people.

[@mb7196]

Yes...ponzi scheme A vs ponzi scheme B. It's important to know the differences.

[@michael2275]

@@mb7196 Everyone will get bitcoin at the price they deserve. Recommend you do the work sooner rather than later.

[@mb7196]

@@michael2275 lol...this doesn't even make sense. Stop being stupid. Recommend you study formal logical fallacies before you type.

[@CryptoC4T]

5:09 I was pretty sure the one word suppose to be "bombs", because IMF is not one word. BTW Kevin saying the word "trust" should be a meme.

[@esselsid3727]

Wasn't this guy a hardcore crypto dove?

[@hwway4488]

You just taught me a term, thanks:). Got this off Forexpedia: “A dove is someone who favors a looser monetary policy, which means lower interest rates, with the aim of boosting economic growth.” supposedly at the cost/risk of raising inflation.

[@swfsql]

It's not really valid to compare the risks of profit and losses inherent to the free market, to plain fraud. It's like saying "I went to the grocery store to buy some apples but it turns out the owner pointed his gun at me and robbed me. This is part of how it works when you go to a grocery store."

[@TheInternetIsDeadToMe]

You might mock someone with their beef jerky, gold bars and rifle, but when this system built on the sand of infinite growth eventually caves in on itself, you’d better have one of those expensive watches ready as an investment.

[@AlexisBii]

😂😂😂😂😂

[@IronTom]

it will just switch from one inflationary fiat to the next.. the system will keep moving and people will keep getting robbed.

[@kenambo]

Bitcoin is a deflationary system.

[@mb7196]

@@kenambo Bitcoin is a ponzi scheme.

[@jugzster]

@@kenamboyeah, it deflates your wallet pretty fast 😂

[@burnoutminion]

The very last person to ever trust is Kevin O'Leary.

[@bensan94931]

3:50 - "If you think about the 11 sectors of the Standard & Poor, the financial services sector is the only sector that services every other sector. You can't have an economy without financial services." Huh? You could say the same about many of the S&P's other sectors - technology, utilities, materials, energy, etc. A strange point that undermines his overall credibility.

[@nickdesanto6119]

One thing i don't get O'Leary is as he said " the diconomy of loving and hating the government". Student loan programs he goes ape, employees credits he practicly shouts over the mountains to use. You want low government spending? Then don't have them bail out student debt, small business, big business, banks, or cypto. Let the market be the market as kevin also says.

[@auntiedrummer]

Which bank did he use that took him 4 days to wire USD in a US bank to a Swiss bank??😂😂😂

[@bk1507]

why didnt you think of all this when you invested, Kevin?

[@yephick]

Is this a joke of some sorts? "Regulations" may be a problem with crypto, but it is not the #1. Not by a long shot. The main problem with crypto is that it is ENGINEERED to waste energy (in a form of outrageously expensive computing)

[@willemvanriet7160]

Putting $ in crypto is like leaving cash in the side walk. It will die out if regulated as it's whole premise is to be unregulated.

[@TheRumblewagon]

It's a paradox. The main point of crypto is "self-regulation"...or regulated by "market forces". But if Kevin is insisting that what is missing is regulation, there's the paradox.

[@tylerlamb1142]

Ah, yes of course Kevin, lets regulate crypto so withering oligarchic doodooheads can just control the poor people more!

[@gpolenik]

they already are lol. Every single crypto scam happens because it has zero regulations.

[@JaysonT1]

Well, you see what happens without any regulation, genius

[@guyincognito5663]

Atlas pooped his pants. Less regulation, more W for the oligarchs you dummy!

[@nurlindafsihotang49]

Ah yes. Go wild wild west. With none the sherrif. See what happens!? Exactly.

[@swedesam]

Exploiting greedy human behavior is a story as old as time.

[@Ballacha]

for those naives kids still subscribed to the idea that "the whole point of crypto currency is to have an un regulated and decentralised monetsry system", you need to wake up. do you exclusively earn cryto at work then exclusively spend crypto on every thing you ever purchase? no? you still need an interface and exchange between crypto and real currency otherwise you'll starve to death even with thousands of btc in your coinbase wallet? then there's no way we shouldn't regulate that exchange, not because crypto currency is involved, but because real currency is involved.

[@Helix_22]

The common rule for us common folk, the elites and politicians always mean the opposite of what they say.

[@thanhdatvo0]

Wow, this is one of rare videos from Big Think that received more dislikes than likes

[@Danny_6Handford]

Unfortunately most people get fooled by the the financial experts, advisers and gurus. If you are smart you will learn from your mistake in trusting them and will stop listening to them. The stock markets, commodities market and financial markets are basically casino’s where people try to outsmart each other but in the end the house always wins and there are always new products and new games to play. If this is how you plan to make your living, all I can say to you is good luck! As with any game there is always a lot of bluffing, deception, smoke and mirrors to try and confuse and take advantage of the suckers. The financial experts, advisers and gurus think they have a winning strategy and sometimes they win but just like the players in the casino, most of the time they loose and if they suckerd others to following them with their advice they also loose. The suckers can whine and complain all they want but they will never get their money back. Many of the players try cheating because if they can get away with it they will be considered clever and will usually brag about it. Even if they get caught, most of the time the penalties and the fines are not that bad and they will be free to try again.

[@JohnGalt986]

FTX's accountant was registered in the Metaverse, it did not have financial documents audited by 3rd parties, so that was not greed only, that was pure stupidity, incompetence and malice...for all the people who invested in it, including this guy.

[@seanwebb605]

Have you seen his video on boat safety?

[@VladimiruYmiru]

Next time just ask him how it feels to lie to milions of people for money, would be much more interesting than his views on something he treated as scam until got paid by it, then lying he lost it all:)

[@jusoneofdemgods]

The investors are equally responsible and should be held accountable.

[@dieselbunny69]

Grifter clown 🤡 Watch his interview with Hassan Minhaj and Hassan actually went easy on him

[@jmcb3411]

K.O. was an insider and one of the masterminds of the whole scandal and now he pretends he is a victim. Is there anything more ridiculous than that?

[@-xirx-]

This reminds me of a similar game show in the U.K called Gladiators

[@chriswheeler6092]

My god,the things that this man said to get people to invest!You sir talked about Sam Friedman like he was an absolute genius every chance that you got. You played your part.

[@seanliu3285]

he never put his own money into FTX, he was a paid spokesman. Here's the big problem with O'leary

[@Goodhello369]

The whole attraction to crypto was it wasn’t unregulated. People felt they would try to skirt taxes which was foolish anyway. Im sorry all i see is vaporware. And im deeply invested in crypto (also stocks) and did a ton of homework.

[@noname29288]

Even with regulation people will always find a way to find loopholes

[@Domo6768]

Kevin you need to explain how swift works. Your money doesn't travel a message saying you have paid what ever amount is what travels and then they (bank) needs to verify that it is legit and then the money is moved into an account that you chose to "send" your money to

[@O-OX]

Incredible! This guy heavily promoted FTX and was a close friend of SBF. He promoted and encouraged small and larger investors to trust and use FTX, and therefore made them lose all their life savings. He is definitely not trustworthy. He just wants to wash his reputation and paid BT to be able to do it.

[@mikell.6064]

Kevin trying to build back his reputation is like me trying to be 5 years old again.. I can act like a 5 year old all I wan, but I will never be one again.

[@jonathanhill1547]

The last person that should be talking about crypto on big think

[@XOPOIIIO]

If you don't know what you are investing in, no regulation would safe you.

[@mcgdoc9546]

How much did you get out of the FTX debacle?!?

[@Tone2K]

Him being an investor is fine. Him going from a cheerleader of this "investment" to further its growth and his own personal stake to now deflect and say he was simply an "investor" is what I find issue with.

[@paulchristensen2854]

I just started watching some big think videos. I liked all I watched ,thought provoking made me look at my self and how I view the world around me and how I react to events and people Then I listen to O’Leary. As pointed out in one video I watched he is a self centred narcissist with sociopathic tendencies. Not sure how many times I have listens in disgust as he low balled on dragons den then degenerated someone else that gave a better deal to the inventors. A regular line of thought escaping his lips is less taxes and no regulation. No matter if dragons den or his failed run for CPC leadership or news bites on KZbin via various news channels. Now he wants regulation because he invested into something that had nothing backing the nothing he invested in……. And he wants TAX DOLLARS TO RECOMPENSE HIS LOSSES. That is text book privatized profits and socialized costs risks. O Leary can go pound sand I have made some extremely bad decisions in my life. If I lost money one way or the other I never pointed at someone else and whined that I deserve e or worse yet expect them to bail me out. And if it involved a judge and a court case o stood up and said guilty when I was guilty. Again I never looked for a scapegoat or someone to take the fall for me. O Leary has failed on both of these points Big think needs to consider carefully who they look to for for speakers. IMHO you lowered the bar significantly on this one

[@EricHart-il2sz]

Pretty sure the energy, utilities, and technology sectors service every other sector.

[@lostboy8084]

You aren't going to be taking my beef jerky my cave is well protected. I been living under this rock for decades and sorry I don't have them gold bars but got me some silver and gold coins and various of them shiny jewelry. I keep it in my that ice chest I got from a friendly tourist who shouted threw it to me and shyly ran away.

[@bridgetclinch3678]

1, Buy your watch through PayPal. 2, there's no way crypto bros will allow regulation.

[@marcanthonyrodriguez3636]

Thank you for allowing him to give his opinion and perspective. America is no place for censorship. If you agree w his opinion, great. If you don’t agree w his opinion, great. You are allowed to give YOUR two cents either way in the comment section. 🇺🇸🤠👍🏼

[@Afrotechmods]

2 years ago he was describing Bitcoin as being like owning real estate. Now he describes it as a speculative asset. Hmm...

[@Verrisin]

military backing - that's the #1 thing crypto is missing

[@user-sb9ke3fn5u]

CRYPTO DOES NOT NEED REGULATION!!!!!!!!!!!!!!!!!!!

[@speeddrift5011]

I don’t know much about Kevin other than what I see on Shark Tank, but I can appreciate the thoughts and knowledge he is sharing. If you limit whom you can learn from …..well, that’s the problem with the world today. People want their information from their selected sources and that leads to narrow-mindedness.

[@ThisisRubbishlo]

You can send money anywhere instantly with PayPal or similar system. Crypto needs to be backed up by something, no idea about the dollar it’s not backed up by anything either, trust 😊

[@alextz2443]

Can you teach me how to get caught attempting to counterfeit crypto like SBF? I’m asking Mr GG.

[@marks7192]

Helarious hes doing this really. As many are stating. He has billions and plays with billions. Hes not hurt by risk. At all.

[@adammontoya6325]

I will be forever grateful to you, you changed my whole life and I will continue to preach on your behalf for the whole world to hear you saved me from huge financial debt with just a small investment, thank you Mrs Maria Reyes.

[@colleenballinger5919]

I'm surprised you know her. I've been making a lot of profits investing with her for a few months now.

[@RebeccaLynn641]

Mrs Reyes changed my life because of the high profits I got from investing with her.

[@ibrahimbarakat5872]

You invest with Mrs Reyes too? Wow that woman has been a blessing to me and my family.

[@lucascruikshank9605]

I was skeptical at first till I decided to try. Its huge returns is awesome. I can't say much

[@adammontoya6325]

she often interacts on Telegrams, using the user name below.

[@elfbark624]

Came here for the comments, it didn't disappoint 🙂

[@1995pearson]

Personally, I don’t believe crypto needs to be regulated any more than it currently is. Rule number 1: Not your keys not your crypto People can invest in what they want. Bitcoin is the only crypto that matters. Will it make you money or loose you money, I don’t know. But if you buy 1 Bitcoin today, in 50 years time you still have 1 Bitcoin. What it’s worth in USD and what that Bitcoin can buy, that it the question.

[@mb7196]

Bitcoin is a ponzi scheme. Plain and simple. It's a joke.

[@AnhTran-dw6yp]

people have so much trust in crypto because each transaction between 2 people is like a key and a lock. but the problem with locks is every lock can be picked. a physical lock or a digital lock. it is extremely hard to pick the crypto locks, but with AI, who knows if AI can be used to find the right lock combinations. that is why both AI and crypto should be regulated by the government. I’m not for 100% regulation. bc absolute power leads to absolute corruption. there has to be check and balance so that the government can’t control AI and crypto and use it for their own schemes.

[@mimosveta]

what qualifies this guy as world's biggest thinker? he invested into obvious scam, and has no clue about cryptocurrencies by his own admission, he even calls ftx a crypto...