Gate News message, April 23 — Renowned investor Kevin O’Leary stated that only Bitcoin and Ethereum deserve a place in investment portfolios, according to remarks made on the Varney & Co. program. The President of O’Leary Ventures said he has restructured his crypto holdings after years of diversification, citing changing regulatory expectations and increased institutional investor influence in the market.
O’Leary, who previously held positions in 27 different crypto assets, argued that this broad approach is no longer viable. “Now all you need to own is Bitcoin and Ethereum. These two assets account for 97 percent of the volatility of all other ‘junk’ coins in the market,” he stated. He attributed this shift to the disappearance of thousands of small-scale crypto projects following the market downturn in October of last year, reinforcing his decision to exit these assets.
The investor noted that many tokens have lost their value proposition as institutional capital has become more selective. “Thousands of projects collapsed and didn’t come back. So why not focus only on these two strong assets?” O’Leary said.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Bitcoin Financial Services Firm Fold Launches Employee Bitcoin Rewards Program for Employers
Gate News message, April 23 — Bitcoin financial services company Fold has announced the launch of an employee bitcoin rewards program for employers, allowing companies to distribute regular bitcoin rewards with built-in vesting mechanisms without modifying payroll systems or assuming custody or comp
GateNews11m ago
Expert Says Bear Trap Setup Is a Fakeout, Bitcoin Price Could Surge and Hit $230,000 ATH
Expert says bear trap setup is a fakeout.
Bitcoin price could surge and hit $230,000 ATH.
Analysts debate between bullish and bearish outcomes.
The crypto community is pleased to see the price of Bitcoin (BTC), the pioneer crypto asset, surge to hit higher price ranges. In the last cou
CryptoNewsLand1h ago
Trader Maji Closes HYPE Long Position; Current BTC and ETH Longs Exceed $80M
Gate News message, April 23 — Trader Maji closed his entire HYPE long position 3 hours ago, according to Hyperbot data. He currently maintains a 25x leveraged Ethereum long position holding 18,000 ETH
GateNews1h ago
Hyperscale Data Adds 13.2 BTC, Total Holdings Reach 663.31 Bitcoin
Gate News message, April 23 — Hyperscale Data, a publicly traded company on U.S. stock exchanges, increased its Bitcoin holdings by 13.2 BTC, bringing its total position to 663.31 BTC.
GateNews1h ago
Bitcoin Futures-Spot Spread on Major CEX Reaches Nearly 1% Amid Liquidation Spike
Gate News message, April 23 — A major centralized exchange experienced a significant futures-spot price spread on BTC/USDT over the past hour. Spot prices fell to $77,174.01 while futures dropped to $76,504.60, creating a spread of $669.41, or approximately 0.87%. The spread has since narrowed,
GateNews2h ago
BTC Could Trigger $2.181B in Short Liquidations at $81,143; $1.003B Long Liquidations Below $74,177
Gate News message, April 23 — According to Coinglass data, if BTC breaks above $81,143, cumulative short liquidations across major CEXs could reach $2.181 billion.
Conversely, if BTC falls below $74,177, cumulative long liquidations across major CEXs could reach $1.003 billion.
GateNews2h ago
