https://markets.businessinsider.com/...-market-2022-6
Quote:
The smaller projects that fail will help strengthen the market, and the projects that flounder may eventually be regulated out of existence, O'Leary said. Such collapses can also help indicate when the crypto sell-off hits bottom, as a "defining capitulation" will signal the start of a rebound, he said.
Ultimately, the veteran investor isn't just betting on crypto or the blockchain, but the human resources that he sees piling into the sector.
"Look at an MIT graduating class of engineers," O'Leary said. "The smartest people want to work on the [block]chain. So you've got the majority of the best intellectual capital in the world solving poor outcomes on the chain — why wouldn't you expect that to work?"
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Buy the dip, skip the shitcoins.