CoinDesk Podcast Network Why Kevin O'Leary Sold 27 Crypto Positions, What He's Investing In Now | Markets Outlook
Jan 23, 2026
Kevin O’Leary, Shark Tank investor and venture chair, outlines why he cut 27 crypto positions to concentrate on Bitcoin and Ethereum and a $70B energy infrastructure play. He discusses a 19% crypto allocation, the pivot into data centers, turbines and private debt, and why land, permits and power are the new moat for digital assets.
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Two Tokens Capture Most Crypto Alpha
- Indexers capture 97.2% of crypto market alpha with just Bitcoin and Ethereum, making most altcoins redundant for large allocators.
- Over 16 years of data shows no basket beats BTC+ETH for capturing market moves.
Selling 27 Positions After Analyst Review
- Kevin O'Leary sold 27 smaller crypto positions after his analysts' indexing work showed BTC and ETH capture almost all market alpha.
- He missed the October 20 meltdown and shifted those proceeds into cash and infrastructure plays tied to power.
Invest In Power Infrastructure, Not Tokens
- Allocate to power and energy infrastructure instead of speculative tokens to capture crypto's long-term exposure.
- Buy land, permits, and low-cost power contracts to serve miners, data centers, or AI compute customers.