Just In: Kevin O’Leary Says ‘No Choice With Crypto’ After Hot Inflation Data

After the crypto market saw yet another macro setback, shark tank fame Kevin O’Leary spoke on the industry’s future. The popular investor has recently changed his opinion on the scope of cryptocurrencies after being a skeptic of the emerging assets. In fact, he recently revealed about his investments in cryptocurrencies. About one-fifth of Kevin O’Leary’s investment holdings are in crypto. A majority of his crypto investments constitute crypto tokens, currencies, and companies.

In a latest, he indicated that crypto is one area he feels strongly about. Also, the investor recently made some interesting comments on how the authorities should go about regulating the crypto market. Earlier on Thursday, the U.S. Bureau of Labor Statistics consumer price index (CPI) data revealed worse than expected results. There was a sharp fall in crypto prices after the CPI data showed consumer prices increased by 0.4% in September.

Anvesh reports major developments around crypto adoption and trading opportunities. Having been associated with the industry since 2016, he is now a strong advocate of decentralized technologies. Anvesh is currently based in India. Follow Anvesh on Twitter at @AnveshReddyBTC and reach him out at [email protected]

The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.