Kevin O'Leary's Bold Predictions on Crypto and FTX

Kevin O'Leary, the famous investor from "Shark Tank, " has some strong opinions about crypto and the FTX bankruptcy. He thinks FTX will have the most successful bankruptcy in American history. Why? Because people who had money in FTX might get back more than they put in, especially those who invested in things like Solana and AI companies that have gone up in value. O'Leary also shared his crypto investment strategy. He says not to put more than 20% of your money into crypto. He personally has 19. 5% of his portfolio in crypto. But he doesn't just buy crypto coins. He also invests in the companies that make crypto work, like exchanges. He compares this to the gold rush. Back then, it was smarter to invest in the tools used to find gold rather than the gold itself. He believes Bitcoin and Ethereum make up 95% of the crypto market's ups and downs. He owns both, along with some stablecoins. He doesn't worry about the price changes because he's not trading them. Instead, he focuses on the benefits he gets from holding both. O'Leary also talked about FTX's downfall. He said that Changpeng Zhao, the co-founder of Binance, was the one who caused FTX's collapse. Both SBF (Sam Bankman-Fried) and CZ ended up in trouble, but O'Leary thinks they helped create the crypto industry we have today. On a different note, O'Leary doesn't think the Federal Reserve should cut interest rates. He believes they should stay steady. He also thinks the Fed should be independent and not influenced by politicians.