Ideas
Altcoins lack alpha and index demand
Altcoins, which he calls poo poo coins, are not coming back; they have no differentiated alpha, no indexer demand, and are highly correlated with BTC. The Q4 collapse showed there is no good news for these coins and no institutional allocator will buy them.
Only BTC and ETH capture crypto alpha
He sold 27 crypto positions and now holds only BTC and ETH with a 2/3 BTC, 1/3 ETH weighting within a 19% crypto allocation. Indexers and institutional allocators only need BTC and ETH to capture 97.2% of crypto alpha because altcoins are highly correlated and lack liquidity for large mandates. He expects no significant BTC upside until the Clarity Act passes, but wants to be long BTC when it does. ETH benefits from 72% of stablecoin transactions occurring on Ethereum.
DATs add only fees and lost money
Sovereign wealth funds and large allocators will not buy digital asset treasury companies or treasury vehicles because they add no value beyond fees and have already suffered brutal corrections. They prefer to own BTC and ETH directly or wrapped.
Solana cannot catch Ethereum's network
Solana is just software with no magic; the narrative that it could overtake Ethereum is a Sisyphean task. It would need massive marketing spend to catch ETH's narrative, and the equity-yield narrative lasted six weeks but lost two years of yield on the underlying correction.
Power is the key infrastructure bottleneck
After selling altcoins, he allocated to power because it is the bottleneck for crypto, AI, and data centers. He owns land, water, permits, fiber, and sub-6 cent/kWh stranded natural gas, and can supply power to BTC miners, data centers, or AI compute. He believes power is more valuable than Bitcoin.
BITC owns scarce power infrastructure assets
Bitzero (BITC) is a public company on Cboe Canada that owns land, permits, water, fiber, and sub-6c power contracts in Norway and Finland. It can serve BTC miners, data centers, and AI compute. He was an early investor and added more after it went public; it has been one of his best 2026 investments and may uplist to a US exchange.
Robinhood is unique crypto-equity platform
He moved some altcoin proceeds into Robinhood because it is the only platform where investors can hold equity alongside crypto and manage a portfolio. He calls it pure infrastructure and says it has done very well.
Coinbase is the stablecoin infrastructure standard
Coinbase is the de facto standard for small and medium-sized business stablecoin transactions once the Clarity Act passes, making it the place to hold stablecoins and transact with vendors. He invested some altcoin proceeds into Coinbase and calls it a safe bet.
Copper demand is surging from power buildout
Copper is his first commodity pick because his data center and power buildout will require massive amounts of copper for 1.4 GW of compute power; copper prices have nearly quadrupled in the last 18 months.
Stay long gold despite BTC competition
He remains long gold; it has way outperformed BTC, though he does not think that outperformance will last forever.
Quantum security is nascent investable infrastructure
He loves quantum security as an embryonic but investable infrastructure theme. He has met two groups doing quantum security on blockchain; 10-15% of the market may refuse to buy BTC or indexes due to the quantum-computer threat, making quantum-resistant security a necessary layer.
IHC owns key power infrastructure assets
He is investing in IHC companies controlled out of the UAE, many of which own infrastructure such as step-down generators and two-cycle turbine manufacturers. He sees this as a longer 36-month to 5-year play.
This CoinDesk video, published January 23, 2026,
features Kevin O'Leary
discussing ALTCOINS, BTC, ETH, Digital asset treasury companies, SOL, Power infrastructure, BITC, HOOD, COIN, COPPER, GLD, Quantum security, IHC companies.
12 trade ideas extracted by AI with direction and confidence scoring.
Speakers:
Kevin O'Leary
· Tickers:
ALTCOINS,
BTC,
ETH,
Digital asset treasury companies,
SOL,
Power infrastructure,
BITC,
HOOD,
COIN,
COPPER,
GLD,
Quantum security,
IHC companies
