Cryptocurrency expert is sure that bitcoin has not yet reached its bottom

«Total panic and huge volatility» is what the crypto market will have to go through before it finally reaches its bottom in the current bear cycle.

This is the opinion of Kevin O’Leary, a millionaire and star of the Shark Tank TV show. In general, he is not worried even about the collapse of major players such as Voyager Digital and Celsius, because the real «big event» is still to come, O’Leary believes.

At first glance, the millionaire’s forecast looks pessimistic, but in fact, O’Leary expects the crypto market to grow in the long run. «It's just that crypto will have to find its bottom in this cycle before the bull run,» the financier believes.

Many people blame the fall of the crypto market on the collapse of crypto companies and various platforms. The most famous of them are the crypto broker Voyager Digital and the Celsius platform. According to O’Leary, the main reason for their bankruptcy was «idiotic managers.»