Kevin O’Leary: 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? 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 Chapters: 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? Listen To This Next: Adam Grant's #1 phrase to unlock potential The science of super longevity Beat anxiety with the most addictive experience on Earth ------------------------------------------------------------------------------------------------------------------------------------------------------ Go Deeper with Big Think: ►Become a Big Think Member Get exclusive access to full interviews, early access to new releases, Big Think merch and more ►Get Big Think+ for Business Guide, inspire and accelerate leaders at all levels of your company with the biggest minds in business ------------------------------------------------------------------------------------------------------------------------------------------------------ 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.” Get Smarter Faster, With Daily Episodes From The Worlds Biggest Thinkers. Get Smarter, Faster.... With Episodes From The Worlds Biggest Thinkers. Follow The Podcast And Turn On The Notifications!! Share This Episode If You Found It Valuable Leave A 5 Star Review Learn more about your ad choices. Visit megaphone.fm/adchoices