Renowned investor Kevin O’Leary has expressed concerns about the future of altcoins in the cryptocurrency market, stating that most altcoins lack significant value and will eventually disappear from the market. According to O’Leary, only Bitcoin and Ethereum possess the essential qualities needed for long-term survival. Bitcoin and Ethereum are the most well-known and widely used cryptocurrencies, with Bitcoin regarded as digital gold and Ethereum serving as a platform for smart contracts that support various decentralized applications. While numerous altcoins exist, each with different purposes and technologies, their market value and acceptance have remained limited. O’Leary’s views come amid ongoing volatility and uncertainty in the crypto market, causing many investors to be cautious about their investments. He believes that the strong foundation and broad acceptance of Bitcoin and Ethereum will help them endure, whereas other cryptocurrencies may fade away over time. The cryptocurrency landscape is continually evolving with new technologies, requiring investors to continuously reassess their strategies. Despite the widespread recognition of Bitcoin and Ethereum, the inherent unpredictability of the crypto market increases investment risks.
Source: binance
