Kevin O'Leary Declares 90% Concentration in Bitcoin and Ethereum..."Altcoins are Meaningless"

▲ Bitcoin (BTC), Ethereum (ETH)

Famous Canadian investor Kevin O'Leary has taken a strong stance, effectively excluding altcoins and restructuring his portfolio to focus on Bitcoin and Ethereum.

According to crypto media outlet Benzinga on April 20 (local time), O'Leary asserted that Bitcoin (BTC) and Ethereum (ETH) alone are sufficient to gain market exposure. He estimated that these two assets account for 95-97% of the total market volatility, while other coins are mere 'noise' with no real significance. He cited lack of liquidity, absence of institutional demand, and uncertain growth prospects as the reasons.

O'Leary stated, "I have significantly reduced my virtual asset portfolio from the previous 27 to just three," adding, "My current holdings are only Bitcoin, Ethereum, and the stablecoin USDC." This strategic shift reportedly took place after a market crash in October 2025. He remains skeptical about the possibility of altcoins seeing a strong rebound. Currently, Bitcoin and Ethereum account for approximately 90% of his portfolio.

Emphasizing disciplined investment principles, he assessed that the elimination of altcoins is, in fact, a process that enhances market health. He explained that focusing on assets that deliver tangible results is more important than having numerous projects. O'Leary likened Bitcoin and Ethereum to the 'gold standard assets' of the virtual asset market, stating, "I have filtered out assets that don't work and kept only those with proven performance."

Recent market indicators also reflect this trend. Bitcoin's market dominance rose from 58.4% to 59.2% over the past 30 days, while altcoin dominance decreased from 30.9% to 29.7%. The Altcoin Season Index recorded 37, suggesting that a Bitcoin-centric market trend is continuing.

As market maturity increases, there is also a clear trend of investment capital concentrating on major assets. O'Leary likened this to the trend where the adoption of artificial intelligence has become a key criterion for corporate competitiveness, emphasizing that a selective approach is essential in virtual asset investment as well. Given that institutional funds are also likely to flow only into assets with regulatory compliance and stability, a rigorous investment standard will determine future performance, according to the analysis.

*Disclaimer: This article is for investment reference only, and we are not responsible for any investment losses based on it. The content should be interpreted for informational purposes only.*