Kevin O’Leary says the sector is safe now and is backing stablecoins

Kevin O'Leary at the New York Academy of Art in 2019.
Kevin O’Leary at the New York Academy of Art in 2019.

Despite big bets by financial giants like BlackRock, many investors still have trouble taking cryptocurrency seriously. And it’s not just the memes and quirky fans pushing people away.

In 2022, about 8% of U.S. adults called cryptocurrency the best long-term investment around. That number has been cut in half ever since the collapse of crypto exchange FTX wiped out nearly $9 billion in customer funds.

Now, just a few years later, crypto bull Kevin O’Leary says those kinds of debacles are a thing of the past.

“All the crypto cowboys are gone. They’re all gone. They’re all in jail, they’re felons, or whatever it is,” he told the press in…

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