Mr Wonderful Kevin O'Leary Says Bitcoin, Ethereum Enough To 'Capture The Promise' Of Crypto, Advises Against 'Irrelevant' Tokens

Core Viewpoint - Renowned investor Kevin O'Leary believes that owning only Bitcoin and Ethereum can capture the majority of the cryptocurrency market's volatility and yield [1][3]. Group 1: Investment Strategy - O'Leary advises against pursuing "irrelevant" tokens and suggests focusing on Bitcoin and Ethereum to fully realize the potential of cryptocurrency [2]. - He claims that owning Bitcoin and Ethereum allows investors to capture over 90% of the alpha or price volatility of the entire crypto market [3]. Group 2: Market Trends - As Wall Street increasingly adopts on-chain technologies, including tokenized securities and digital payment systems, O'Leary emphasizes that Ethereum is the best way to gain exposure to these developments [4]. - He characterizes Bitcoin as "digital gold" and Ethereum as the representation of Wall Street's transition to on-chain operations [4]. Group 3: Infrastructure Investments - O'Leary has invested in companies like Circle Internet Group, Coinbase, and Robinhood to capitalize on the infrastructure side of cryptocurrency [5]. - He notes that younger generations, particularly Gen Z, are investing in Bitcoin and Ethereum alongside traditional stocks, a trend he did not experience early in his investment career [6].