Futures
Access hundreds of perpetual contracts
TradFi
Gold
One platform for global traditional assets
Options
Hot
Trade European-style vanilla options
Unified Account
Maximize your capital efficiency
Demo Trading
Introduction to Futures Trading
Learn the basics of futures trading
Futures Events
Join events to earn rewards
Demo Trading
Use virtual funds to practice risk-free trading
Launch
CandyDrop
Collect candies to earn airdrops
Launchpool
Quick staking, earn potential new tokens
HODLer Airdrop
Hold GT and get massive airdrops for free
Launchpad
Be early to the next big token project
Alpha Points
Trade on-chain assets and earn airdrops
Futures Points
Earn futures points and claim airdrop rewards
Kevin O'Leary Declares Altcoins Are Dead, Calls Bitcoin and Ethereum the Only Survivors
Source: CoinEdition Original Title: Kevin O’Leary Declares Altcoins Are Dead, Calls Bitcoin and Ethereum the Only Survivors Original Link: https://coinedition.com/kevin-oleary-declares-altcoins-are-dead-calls-bitcoin-and-ethereum-the-only-survivors/
Investor Kevin O’Leary recently said that the crypto market is finally entering a reality check that leaves almost no room for thousands of speculative altcoins. In a recent discussion with Fox Business, O’Leary said that most small tokens or speculative coins will not survive the coming wave of regulation and institutional money.
O’Leary explained that large investors such as pension funds, sovereign wealth funds and insurance companies are preparing to enter the crypto sector. However, they are not interested in risky or unregulated assets.
“Data tells you something very stark. It says all you have to own to capture 90% of all the crypto market and pricing volatility is simply Bitcoin and Ethereum. You don’t need anything else,” he said.
Regulation Is Accelerating the Shift
O’Leary also opened up about the progress of the Clarity Act in the United States and said regulatory support is exactly what institutions have been waiting for.
Once the rules are finalized, he expects a large wave of institutional investment. However, this funding will only go toward assets that meet strict compliance standards.
Thousands of Altcoins Face Reality
The harsh truth is that institutions typically allocate only a small portion of their portfolios to alternative assets. O’Leary said that Bitcoin and Ethereum already provide all the risk and return exposure they need.
“So if you were just in Bitcoin and Ethereum over the last eight weeks, you’ve done so much better,” he added.
This is difficult news for the teams behind alternative chains and coins, but O’Leary says the market is simply maturing.
A More Mature Crypto Market Ahead
O’Leary described the moment as a deep cleaning of the industry. Speculation is being removed and only assets with real demand, regulatory backing and global liquidity are likely to survive.
For him, the message is clear. Bitcoin and Ethereum will continue to dominate while most other coins are unlikely to last.
Even with the expert’s strong views, the market showed that nothing is fully safe. A few days ago, Bitcoin almost fell below $80,000 and Ethereum dropped toward $2,800. Altcoins fell too, and even the top two coins felt the pressure.