Kevin O'Leary: Institutional Capital Now Favors Bitcoin and Ethereum Over Altcoins

Source: CryptoNewsNet Original Title: Kevin O’Leary says power is now more valuable than bitcoin Original Link: https://cryptonews.net/news/analytics/32327735/

The Contrast

The investor offered a harsh reality check for altcoins, which he dismissively refers to as “PooPoo coins.”

• He sold 27 positions in October, arguing that sovereign wealth funds and indexers only care about Bitcoin and Ethereum.
• He claims these two assets capture over 97% of the market’s alpha, making other tokens “worthless” to large allocators.
• Despite hype around Solana, he views it as “just software” facing a “Sisyphean task” to catch up to Ethereum’s marketing and adoption.

What Comes Next

No significant capital appreciation is expected for crypto until the “Clarity Act” passes, which he predicts will happen by mid-May.

• He attributes the legislative stall partly to a certain compliance platform’s resistance regarding yield on stablecoins.
• He argues it is “unfair” that banks can earn yield on deposits while stablecoin holders cannot, a disparity he calls “un-American.”
• He expects the bill to pass before the midterms because staffers are already dedicating the majority of their time to it.