Kevin O'Leary
👤 SpeakerAppearances Over Time
Podcast Appearances
Or uneducated.
Let's touch on crypto because I spend a lot of time on that and I get a lot of work on the crypto bills.
All you need to own in crypto, if you're going to get into it, is Bitcoin and Ethereum.
There are 10,000 shit coins.
You don't need to own any of those.
97% of the alpha, which is the price volatility of the entire crypto market, are two.
Just Bitcoin and Ethereum.
Just dump all the poo-poo coins you don't need to own.
We have Bitcoin.
people come up with a coin how does that work they just say i'm going to do a poop coin or fart coin and then you go okay oh it's up a million dollars poopoo coin itself now okay so i mean it's just like a vegas speculation but that's not where the institution is putting their money they're buying bitcoin and ethereum but it's no different than digital gold
Don't own more than 5% of your portfolio in it.
You can make about 3% yield on it, which is not a lot.
I mean, don't speculate too much.
I mean, some people just never own Bitcoin because they don't understand.
You can't touch it.
But it's sort of like a digital version of gold.
Gold's been around for 2,000 years.
Bitcoin's been around for 16 years.
So a lot of people don't trust it yet.
The government approved stable coins, which is a digital payment system backed by the US treasury.