The expert believes that the main problems for cryptocurrencies are still ahead

Shark Tank star Kevin O’Leary says he expects to witness a massive surrender that will cause fear and panic among crypto investors.

In a new interview on the Meet Kevin YouTube channel, the venture capitalist said that in his opinion, the bottom of digital assets has not yet come, although the industry’s market capitalization has lost more than half of its value compared to its peak.

«I think the bottom has not yet come. It’s hard to say what will be the trigger — leverage or some kind of relationship between different credit holdings, but in any case, it will be good for the market. «Voyager is too small, and its bankruptcy is not really important. I cannot say when it will be tomorrow or in a month, but in any case, it will be the best time to buy cryptocurrencies,» O’Leary said.

In his comment, O’Leary was referring to the crypto brokerage firm Voyager, which filed for bankruptcy earlier this month after a large borrower failed to repay a sizable loan.