Shark Tank’s Kevin O’Leary recommends 2 assets for portfolio
ETH
KEVIN
BTC
FOX
"Mr. Wonderful" Kevin O’Leary, the investor best known for his appearance on the TV show "Shark Tank," is one of the fiercest voices in the business community.
The television personality never shies away from new adventures and made his feature film debut in Josh Safdie's comedy-drama Marty Supreme (2025).
Related: Shark Tank's Kevin O’Leary thinks crypto bill is closer than Washington admits
O’Leary exits smaller altcoins
On Apr. 22, O’Leary joined FOX Business’ Stuart Varney to discuss his crypto investment strategy and revealed that only two cryptocurrencies are worth owning.
After long years of experimentation, he said he realized that most cryptocurrencies have failed to justify their place in portfolios amidst institutional capital inflows.
While he earlier preferred exposure to multiple small tokens, a shift in digital asset regulation and institutional study forced him to abandon the approach last year, he said.
Research concluded that most alternative coins lacked "staying power." In fact, thousands of them disappeared during the crypto crash that began last October.
"What's happened to the pooh-poohs is they collapsed last October. Thousands of them never came back."
'Mr. Wonderful' bets on Bitcoin, Ethereum
O’Leary said he then decided to exit his positions in these altcoins and instead focus on the top two cryptocurrencies.
"At the end, why don't you just own those two?"
With a market cap of $1.57 trillion, Bitcoin (BTC) is the largest cryptocurrency. Though it hit the record high price of $126,080 on Oct. 6 last year, it was trading more than 35% lower at $78,438.10 at press time.
Ethereum (ETH), with a market of $282 billion, is the second-largest cryptocurrency. It hit the record price of $4,946.05 on Aug. 24 last year but was trading around 50% lower at $2,338.93 at press time.
O'Leary said, "All you need to own is Bitcoin and Ethereum, and you own 97% of the volatility of all the other pooh-pooh coins."
The investor said that even though digital assets are incredibly volatile, they are getting adopted—stablecoins in particular—and this is why he is a believer in the space.
