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I saw the story about Kevin O'Leary who just emptied his crypto wallet, keeping only BTC and ETH. The guy has a colossal net worth and he says: with just two positions, you capture 97% of the market volatility. Honestly, the logic makes sense on paper.
But wait... XRP is trading at $1.39 right now with a market capitalization of $85.99 billion, and the guy claims that you have to be blind not to see that BTC and ETH are enough? That's a funny argument. Meanwhile, BTC is climbing to $77.53K and ETH to $2.33K. The market volatility continues to do its thing.
I don't know, maybe Kevin O'Leary is right about concentration, but throwing XRP out there like that when it represents a solid part of the market... it’s a bit cherry-picking. What do you think?