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Since Kevin O'Leary, this billionaire with a net worth of 400 million, has almost entirely sold off his crypto portfolio except for BTC and ETH. His argument? Only two positions give you 97% of the market’s volatility. Okay, that’s a concentration strategy.
But wait... no one has told him about XRP? Like, with that kind of net worth, you’d think he’d have an analyst mentioning Ripple. It’s just a funny take. The guy simplifies everything to BTC and ETH, but XRP still exists and moves quite a bit.
Later, Kevin O’Leary probably knows what he’s doing better than we do. Two dominant positions might be easier to manage than a hundred small ones. But the timing of this announcement is still amusing. 😅