Shark Tank star Aaron O'Leary confirmed that he invested in the desperate data encryption trading center FTX. However, in his opinion, the collapse of the website is a major turning point in the digital currency industry, "the bottom of cryptocurrency has come"

O'Leary mentioned his investment in FTX and other connections with the company after the application for Chapter 11 bankruptcy. He signed an agreement with the Data Encryption Trading Center for many years, serving as its envoy and spokesman. At the same time, he owns the shares of the enterprise Bitcoin. Com reports.

When asked about the bankruptcy of FTX, O'Leary told CNBC: "It is very obvious that this is a depression, no doubt... I am very disappointed like most shareholders of the company.". However, he said that despite what happened to the data encryption trading center, he was still "a great driver of the development potential of blockchain technology and cryptocurrency".

She just thought it was an embarrassing investment management decision. He explained: "It is not the first time I have made an awkward investment, or perhaps the last time, but fortunately, I have made more good investments than bad ones, and I have learned from my mistakes.".

He still strictly implemented this view in his Saturday tweets. As an investor, he explained that it is inevitable to make mistakes, and the best thing we can do is to learn from this embarrassing determination. However, he did make a more efficient statement on Twitter, saying that the bottom of the encryption market has arrived.

"As an investor, you never always do a good job," O'Leary wrote on Twitter. "You can make some exceptions. Sometimes, FTX is a big mistake. The most important thing is to learn from it, so that you don't make mistakes again and again. Over time, work experience will allow you to find a place where good investment is more than bad investment. The encryption algorithm has already seen the bottom!"

He explained in July: "You always need a big player game to achieve zero... When our big player game leverage ratio is too high and reaches zero, it will always make you a good bottom, but this is usually a gradual process of reconstruction.". "Some people are on the edge of zero. It's OK. In fact, I think it's a good thing."

His loss on FTX did not prevent Orili from investing in cryptocurrencies. He said: "I will still invest in cryptocurrencies. I lost money... but it doesn't stop me from buying a lot. I can do that.". "This is actually a major turning point in this industry, and it is also the improvement of this industry."