TV host Kevin O’Leary pointed to the outflow of venture capital from the digital currency market as early as the beginning of 2023. One of the factors that weakened investor interest in bitcoin and other virtual coins was the collapse of the FTX exchange last November.
In a recent interview on Fox Business, Kevin O’Leary stated that the tightening of industry controls in the US is leading to increased capital flight from digital assets.
The TV host believes that the Securities and Exchange Commission (SEC) will not give up its course and will continue to pressurize the cryptosphere.