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Why Kevin O'Leary Sold 27 Crypto Positions, What He's Investing In Now | Markets Outlook

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CoinDesk

News, Tech News, Daily News, Business News

4.7698 Ratings

🗓️ 23 January 2026

⏱️ 29 minutes

🧾️ Download transcript

Summary

Kevin O’Leary reveals why he slashed 27 crypto positions to pivot into a massive $70B energy infrastructure play, focusing strictly on the dominance of Bitcoin, Ethereum, and the power required to fuel them. Shark Tank investor Kevin O’Leary joins Jennifer Sanasie and Andy Baehr on Markets Outlook to break down why he recently slashed 27 crypto positions from his portfolio to focus strictly on the "Two Girl Dance" of bitcoin and ethereum, and the massive energy infrastructure that powers them. Kevin unpacks his 19% crypto allocation strategy, the $70 billion scale of data center development, and why he's moving into private debt markets for turbines. Plus, hear his take on why Solana and other altcoins face a "Sisyphean task" to catch ETH, and his bold prediction for the Clarity Act passage by May 15th. - Timecodes: 0:45 - Kevin O'Leary's Acting Debut 2:24 - Bitcoin Outlook 4:02 - Why Kevin Only Holds BTC and ETH 10:40 - It's Just Software" O’Leary’s Warning on Solana’s Narrative 15:30 - Why Kevin Says Power is More Valuable Than Bitcoin 19:30 - Why Land & Permits are the Ultimate Competitive Advantage 25:09 - Will Clarity Act Pass Before Midterms? - This episode was hosted by Jennifer Sanasie.

Transcript

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0:00.0

I sold 27 positions when I started to see the analysis of my own analysts. And luckily, I missed that meltdown on October 20. But I took a hit on Ethan BTC, but it's come back a lot more than the Pupu coins have. And some of those Pupu coins are never coming back. There's just, there's no reason to them.

0:32.2

Hey, everyone, you're watching Markets Outlook. I'm Jen Sanassi. Andy Bear is here with me today,

0:55.1

and we are joined by Shark Tank Investor O'Leary Ventures Chairman and actor Kevin O'Leary. Hey, Kevin. Great to be here. Thank you. Thanks for joining us. Now, we got to start with the acting thing. Congrats on your acting debut. How does it feel? It's a whole new space. It's a different discipline. You know, I used to be a cameraman back in the late 80s and I was an editor.

1:00.7

I played Steamback. So I feel like I've come home, although this is all, you know, quite different.

1:05.6

I mean, promoting a feature like this has been a real experience. I've really enjoyed it. And I'll see you on the red carpet at the SAG and at the Oscars. I'm excited.

1:11.2

Yeah, I mean, I can't speak for Andy, but I'm definitely rooting for you. Are we going to see you on the big screen? Is this like a new career path for you? We're going to see you do more movies? I've got three offers right now. I'm going to do one film a year in addition to everything else I do. I think there is an intersection,

1:28.1

actually. I think if you think about media being part of a marketing strategy for investing,

1:34.8

I think it's kind of worked out for me. I want to be the bad guy in the next Bond movie. I think

1:40.9

no one else can do it the way I can. Everybody will die. I'll build a lot of data centers, and I'm going to blow a lot of stuff up. You think you're else can do it the way I can. Everybody will die.

1:44.4

I'll build a lot of data centers, and I'm going to blow a lot of stuff up.

1:47.9

You think we could get Bitcoin into the next Bond movie?

1:50.7

I think Bitcoin will be, and I'll tell you why, because whoever controls AI will be the next villain of the Earth,

1:58.8

and he'll finance it all by using some portion of his

2:01.8

data facility power generation to mine coin. That's a great script right there. I mean, I think

2:08.1

it's a great script. So there's at least two people here that think that that could work out.

2:13.9

Okay, let's let's talk about what we're here to talk about. And that is the crypto markets.

2:17.8

Let's start with Bitcoin because we were just talking about it. Just under 90,000 this morning, just talk to us

2:22.8

about how you're watching Bitcoin as we get deeper into 2026. Well, of course, I've indexed BTC and

2:29.3

ETH. I don't expect any significant capital appreciation until we clear the Clarity Act or the

2:36.0

Infrastructure Act or whatever you want to call it. It's stalled. Brian at Coinbase is part of

2:41.0

that reason, but I understand his complaint. It seems unfair to me that those who hold a stable

2:46.6

coin can't get yield in the same way a bank dollar has provided some form of yield.

...

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