Kevin O’Leary: Bitcoin and Ethereum to Dominate as Altcoins Fade
Investor Kevin O’Leary said most altcoins are effectively obsolete — dubbing many “poopoo coins” — and predicts the market will consolidate around Bitcoin and Ethereum as regulation and institutional capital increase. O’Leary cited market data showing Bitcoin and Ethereum account for over 90% of recent crypto market performance. He argued institutions demand compliance, stability and global pricing, favouring BTC’s fixed supply and ETH’s smart-contract utility while sidelining niche tokens. Analysts referenced in the piece expect institutional inflows to grow, with one firm projecting over $1 trillion by 2030. The article frames this shift as a regulatory-driven cleansing that benefits large, compliant assets and could reduce speculative volatility over time.
Bullish
The net effect of O’Leary’s remarks — and the reported >90% performance concentration in BTC and ETH — points to increased institutional interest and regulatory clarity, which historically supports higher prices for large-cap, compliant assets. Past cycles show that when capital concentrates into BTC/ETH (for example, post-ETF approvals and major custody rollouts), market liquidity shifts toward those assets, tightening spreads and reducing relative volatility for top tokens while draining speculative demand from smaller altcoins. Short-term, the statement may accelerate capital rotation into BTC and ETH and trigger sell pressure on weaker altcoins, causing short-term volatility in small-cap tokens. Long-term, continued regulatory acceptance and institutional inflows tend to be bullish for BTC and ETH price discovery and market depth, though this consolidation can reduce altcoin-driven upside and lower overall market breadth. Traders should watch ETF/custody announcements, large inflows, on-chain metrics (exchange flows, whale accumulation), and regulatory developments to time positions.