Gate News message, April 20 — Shark Tank investor Kevin O’Leary has allocated 90% of his cryptocurrency holdings to Bitcoin and Ethereum, dismissing other digital assets as “garbage.” He restructured his portfolio from 27 digital assets to three holdings—BTC, ETH, and USDC—following the market downturn in October 2025.
O’Leary stated that Bitcoin and Ethereum provide nearly all the liquidity and market exposure needed, with data showing these two assets capture 97.2% of the entire crypto market’s volatility since inception. A Charles Schwab report corroborates this, indicating that approximately 80% of the estimated $3.2 trillion cryptocurrency market cap is concentrated in Bitcoin and Ethereum. O’Leary described both assets as the true “gold standards” of crypto, noting that most altcoins remain down 60% to 90% from their peaks and are unlikely to recover.
Beyond portfolio management, O’Leary is making significant infrastructure investments in Bitcoin mining and AI data centers. He controls 26,000 acres of land across multiple regions, including Canada, which he plans to convert into low-cost, utility-ready sites for infrastructure development once permits are secured. O’Leary has already invested in BitZero, a Norwegian Bitcoin mining company, and views crypto mining and data center operations similarly to real estate development, requiring land and power supplies. Crypto assets now represent 19% of his total investment portfolio.
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