Kevin O’Leary’s Take: Bitcoin, Altcoins, and Quantum Fears – Oh My!

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So, Kevin O’Leary, you know, the guy from “Shark Tank” who likes to call himself Mr. Wonderful-because who wouldn’t want that title?-is weighing in on this whole Bitcoin debacle where it just decided to drop 50%. He thinks, and I quote, “something bigger is happening underneath the price action.” Right, because it’s not just a regular market crash; it’s something monumental. What’s next? A meteor shower?

He claims the golden age of altcoin speculation is over. I mean, you have to hand it to him; he’s like the grim reaper for cryptocurrencies. Meanwhile, quantum computing is lurking around, and apparently, it’s capping institutional investment. Great! Just what we need-another existential threat. Can’t we just stick with the usual fears, like running out of toilet paper?

The collapse of altcoins

During this epic crash, it seems like the entire altcoin market threw a tantrum and decided to wipe itself out. Assets dropping 80-90%? That’s not just a correction; that’s like watching your favorite restaurant close down after you ordered the last slice of pizza.

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O’Leary stated the obvious when he said, “Institutions finally did the math.” Wow, what a revelation! They realized if you want all the fun and drama of crypto without the headache, just stick to Bitcoin and Ethereum. Everything else? Just “poo-poo coins.” Who knew investing could be so… fragrant?

And guess what? O’Leary himself has had a little spring cleaning, dumping 27 positions in his portfolio, like he’s cleaning out his closet-only to keep the classics: Bitcoin and Ethereum. Talk about commitment!

Apparently, large sovereign wealth funds and institutional investors have now developed a sudden aversion to the “backstory” of niche blockchains. It’s like they read a really boring book and decided to skip straight to the last chapter.

The quantum threat

O’Leary is still “long Bitcoin,” which sounds like a euphemism for a bad relationship. But now, he’s spooked because of quantum supremacy. Institutions are shying away because they’re worried that a quantum computer might just crack Bitcoin’s security like it’s a nutcracker at Christmas.

This whole idea of a quantum computer breaking elliptic curve cryptography? It’s enough to make anyone hesitate. Until they figure that out, don’t expect those big players to invest more than a measly 3%. It’s like waiting for a bus that never comes.

Waiting for clarity

O’Leary insists the smart money isn’t leaving; they’re just sitting tight, waiting for “clarity.” What does that even mean? Are we waiting for a sign from the universe? Maybe a literal sign that says, “Invest now!”

This “clarity” he talks about probably refers to some legislation-specifically, the Clarity Act. He thinks it might pass by May 2026. And Ripple CEO Brad Garlinghouse, bless his heart, believes it’ll happen by April. So, folks, mark your calendars! Or don’t-it’s all a gamble anyway.

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2026-02-17 11:21