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O'Leary: Crypto Crash Eliminated 'Poo Poo' Coins, Only BTC and ETH Matter Now

Guavy AI Editorial Team
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Kevin O'Leary, also known as 'Mr. Wonderful', believes that the recent correction in crypto prices has cleared out smaller 'poo poo' coins from the market.

In a post on X, he stated that Bitcoin (BTC) and Ethereum (ETH) are now the primary focus for institutional investors due to their ability to deliver most of the upside amid volatility.

O'Leary estimated that large investors will likely cap their crypto exposure at around 3% under current conditions.

He also mentioned growing concerns about the threat of quantum computing to Bitcoin, which may lead to cautious investment decisions from institutions.

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