Love him or hate him, one thing is for sure about Kevin O'Leary: he knows how to get people talking.
The "Shark Tank" investor pushed a lot of buttons last week when he tweeted on Feb. 11 that entrepreneurial success trumps family.
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So if you're salty about that and you also happen to be a believe in crypto, you might want to dig in your heels before you listen to O'Leary's latest take.
O'Leary tweeted a clip on Feb. 20 of an appearance on TraderTV from January 2023 where he discussed some insight he'd gleaned about the digital currency's future outlook, saying that venture funding for new crypto projects is "virtually dead."
O'Leary explained that his reasoning was due in part to experiences he had during his last visit to Washington.
"If there's any silver lining to this whole FTX thing...and let me tell you, when I went down to the hearings in Washington, when the hearings were over -- they take about four hours or so -- all the senators are still there, so we started mingling and we started talking," O'Leary said.
"Here's what I realized about this. These senators are really -- they're fatigued, they're really tired of gathering every six months when the next crypto company blows up and goes to zero ... every week there's another one going to zero because they're totally unregulated and they keep issuing tokens that are worthless ... so that kind of environment is getting very, very aggressive. And the regulators are being applauded on by the senators and the congressman and women who are saying, what is this? We've had enough of this stuff."
O'Leary also said as an investor, he believes that the smart move is to focus on regulated options.
"I own regulated exchanges," he said. "Wonderfi is regulated. In Canada, its regulated. I think the value of regulated exchanges is going to go up in the next few years while all the unregulated ones get put out of business or go to zero by the regulators."
