It is possible to detect whether the crypto money market has reached the bottom, only if there is a serious negative situation. This view was expressed by Kevin O’Leary, the investor and star of the TV show Shark Tank, in a comment to CoinDesk.

“You can’t reach the bottom until you have an event,” the speaker said.

The TV star added that this was clearly not a positive thing for the actors involved. According to him, “panic sets the bottom” as the market capitulates before breaking bottoms and slow recovery.

O’Leary is a strategic investor in Canadian DeFi platform WonderFi Technologies. He explained his vision for the situation in the crypto market on the eve of the company’s listing on the Toronto Stock Exchange.

PRESS RELEASE: WonderFi Announces Conditional Approval to List on Toronto Stock Exchange pic.twitter.com/WVcOjaWd9M

– WonderFi (@WonderFi) 15 June 2022

The investor also cited the current market crash as a plus for WonderFi. According to him, volatility has increased trading activity on the platform.

O’Leary added that more regulation is needed for greater adoption of digital assets among institutionalists. The Shark Tank star believes we should start with stable coins.

Earlier, O’Leary said that he holds almost 10% of his capital in cryptocurrencies. According to him, he owns Ethereum and USD Coin (USDC) stablecoin.

In January 2022, the investor talked about the interest in buying shares of green energy mining companies and investing in Bitcoin and Solana in April.

Recall that in early June, BitMEX co-founder Arthur Hayes announced the transition of the first and second cryptocurrencies in the local bottom.

Back in May, Rich Dad Poor Dad bestselling author and entrepreneur Robert Kiyosaki predicted a $17,000 Bitcoin level test.