Why the $2 trillion crypto market crash won’t kill the economy

Francesco Carta Fotografo | Moment | Getty Images Carnage in the crypto market won’t let up, as token prices plummet, companies lay off employees in waves, and some of the most popular names in the industry go belly up. The chaos has spooked investors, erasing more than $2 trillion in value in a matter of months — and wiping out the life savings of retail traders who bet big on crypto projects billed as safe investments. The sudden drop in wealth has stoked fears that the crypto crash might help…

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Kevin O’Leary says he wants to more than double his crypto holdings to 7%

Celebrity investor Kevin O’Leary says he wants to at least double his cryptocurrency holdings by the end of 2021, and predicts that “trillions of dollars” could pour into the market if crypto becomes a new asset class. The “Shark Tank” investor had previously said bitcoin was “garbage,” but he later changed his mind. O’Leary, who is chairman of O’Shares ETFs, said he is bullish on crypto and wants to allocate more in his personal portfolio. “I want to raise my exposure to crypto — currently at 3% — to 7% by…

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Don’t make any critical mistakes when expanding your business

Deciding if and when to expand a business isn’t an easy task. When partners disagree, it also adds some tension into the mix, especially if they are married. For Chris and Emily Elias, it was a debate over whether to broaden their existing mobile dog-grooming business, Massapequa, New York-based The Ruff Life, into other cities or to offer a local brick-and-mortar location that had them at a standstill. “Taking this nationwide, you are talking about hundreds of millions [of dollars in sales],” 37-year-old Chris Elias said on CNBC’s “Money Court.”…

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What Kevin O’Leary is telling every CEO to start investing in. It’s not blockchain

Any aspiring entrepreneur hoping to get “Shark” Kevin O’Leary’s attention with a business pitch better be able to answer this question: What’s the next big thing for small business? If you think it’s bitcoin or blockchain, guess again. The “Shark Tank” co-host and host of CNBC’s “Money Court,” which premieres Wednesday night, says the Covid boom in direct-to-consumer sales is the key business shift and it is equally important to small companies and business giants. Speaking at CNBC’s Small Business Playbook event on Wednesday, O’Leary said rapid acceleration in direct-to-consumer…

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