Kevin O'Leary has long advocated for Bitcoin and the cryptocurrency sector at large. He recently reiterated in an X post from his appearance on The Breakdown that Bitcoin and Ethereum offers all the liquidity one needs as well as help capture most of the crypto market exposure. He even went as far as labeling other coins 'garbage.'
'I don't need 10,000 coins, I need performance. Two positions give me almost all the market exposure I want. The rest? Noise. No liquidity, no institutional interest, no future. I cut the garbage and kept what works. Discipline wins,' O'Leary stated.
Mr. Wonderful heavily modified his crypto portfolio to three holdings, including USDC, from 27 digital assets following the market crash in October 2025. In the long-term, O'Leary doesn't see altcoins making a comeback. BTC and ETH now account for 90% of his crypto portfolio.
The Shark Tank star added that 'scraping away' the altcoins since October proved healthy for the ecosystem. O'Leary has always believed in a focused investment approach, describingBitcoinand Ethereum as the true 'gold standards' of crypto.
CoinMarketCap's Altcoin Season Index recently stood at 37, implying a potential moderate 'Bitcoin Season.' Note that altcoin season typically occurs if 75% of the top 100 tokens outperform Bitcoin over 90 days.
'The numbers tell you, you only need to own two positions to capture 97.2% of the entire volatility [of] the entire crypto market since inception, and it's just bitcoin and ethereum. All the poopoo coins are still stuck down anywhere from 60% to 90%, and they're never coming back,' O'Leary had said in an interview earlier this year.
Meanwhile, a Charles Schwab report indicated that around 80% of the estimated $3.2 trillion market cap of cryptocurrencies is concentrated in Bitcoin and Ethereum.
Earlier this year, O'Leary said 19% of his entire investment portfolio was invested incrypto-linked assets, while acknowledging that he is now more cautious amid the ongoing price volatility.
He had explained that institutional investors mainly prioritize Bitcoin and Ethereum, while crypto exchange-traded funds hold little appeal for them.
'In the context of the financial services market and asset allocation, [crypto ETFs] aren't even a teenage pimple... they're just nothing,' he stated.
Source: International Business Times UK
