Shark Tank’s Kevin O'Leary: The US government is enacting the Clarity Act to build infrastructure for crypto and clarify the legal framework for how companies invest and create tokens, and this is a very good thing. However, there are thousands of “poo poo coins” on the market, meaning junk coins. Some of them may have real applications, but they will never attract serious capital flows from major funds like pension funds.

Data shows that if you believe in the crypto market and want to allocate capital, you only need Bitcoin and Ethereum to capture about 90% of the potential growth; other coins are almost meaningless from an investment perspective.

If in the past 8 weeks you only held BTC and ETH, you would have had better results than almost any other asset in the crypto market. Bitcoin and Ethereum don’t need marketing, whereas other coins have to do everything they can to promote themselves. Large institutions will only hold BTC and ETH.
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