Kevin O’Leary, a prominent investor and television personality, revealed that he sold 27 cryptocurrency positions before the October market downturn. O’Leary expressed skepticism about the recovery prospects of many altcoins, referring to some as “poo poo coins” that are unlikely to bounce back.
The disclosure highlights a cautious stance amid rising volatility and shifting sentiment in the crypto space. O’Leary’s comments fit within a broader discussion about risk management and the durability of altcoin ecosystems. While the move underscores a selective approach to exposure, it also reflects ongoing debate about when and where a rebound could occur for cryptocurrencies.
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