Kevin O’Leary says the altcoin era is over — and explains why most altcoins aren’t bouncing back after corrections. Investors are sticking to Bitcoin and Ethereum, which he claims capture 97.5% of crypto’s alpha. With Bitcoin trading around $87,173 and Ethereum near $2,804, O’Leary argues that “irrelevant tokens” no longer matter. Altcoin Season Index sits at 23, signaling a Bitcoin Season. Here’s what that means for the market.
Source: https://www.benzinga.com/crypto/cryptocurrency/25/12/49152628/kevin-oleary-says-altcoins-not-bouncing-back-as-investors-realize-bitcoin-and-ethereum-are-all-you-need-in-crypto-they-have-no-use-case