Kevin O'Leary sold 26 altcoins after the 2025 crash, kept only Bitcoin and Ethereum — says the rest have 'no future'
Are altcoins low-hanging fruit, or are these assets dead in the water? Shark Tank investor Kevin O'Leary has thoughts. On an episode of The Breakdown Podcast (1), the venture capitalist calls altcoins "poo poo" and says they have "no future" — despite being interviewed by Blockworks, a company known for covering crypto markets.
Per his reputation, O'Leary doesn't mince words.
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"I cut the garbage and keep what works," he says in his X caption, sharing a viral clip of the interview. (2)
O'Leary puts his faith in Bitcoin and Ethereum
The interview comes at a time when the tectonic plates of market sentiment are shifting. Since its sharp February selloff, Bitcoin has remained well below the $90,000 mark, and far off its all-time high of over $120,000 per coin. (3)
When Bitcoin drops, so does the rest of the crypto market
The bellwether is so important to crypto markets, other cryptocurrencies are simply referred to as "altcoins." O'Leary says he sold 26 of them after the 2025 market collapse, keeping only Bitcoin, USD (a stablecoin), and the largest altcoin, Ethereum. He says the other coins are "screwed" because they lack marketing dollars and "there's no reason to own them."
Is this a fair assessment?
The size of the altcoin market suggests altcoins are still getting plenty of attention. Crypto tracker CoinMarketCap pegs the size of the market at over $700 billion, excluding Ethereum. (4)
There's no signs of the market slowing. If anything, short-term interest is poised to grow. Since February, the CMC Fear and Greed Index has climbed from "extreme fear" to "greed," lofted by what some see as the start of Bitcoin's post-February recovery. (5)
People are paying attention to altcoins, especially now. But are they actually profiting from ownership?
2025 was the year of dead coins
O'Leary says altcoins that collapsed in 2025 "never came back." There's truth to that.
Over 50% of coins tracked by CoinGecko (6) have failed from 2021 through 2025, and 86 of those failures occurred in 2025.
CoinGecko's analysis credits much of that failure to sites like pump.fun, which make it easy to spin up meme coins with names like Peanut, Fatcoin, and Mother Iggy. (7)
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