Popular television personality Kevin O’Leary reaffirmed his long-standing stance that most altcoins, including XRP and Cardano, which he labeled “poopoo coins,” are done and have no future once institutional capital fully enters the crypto market.
He emphasized this view during a recent interview on FOX Business, where he discussed how the regulatory landscape is maturing. According to O’Leary, this shift will reshape the industry in ways that ultimately favor only Bitcoin and Ethereum.
CLARITY Act to Drive Institutional Adoption of Bitcoin and Ethereum
Furthermore, he argued that the arrival of the GENIUS Act earlier this year has already changed how global finance approaches digital transactions. For years, many investors expected Bitcoin to become the primary settlement layer for everyday payments.
However, O’Leary noted that regulated stablecoins, known for their efficiency and low-cost transfers, have assumed that role instead, diminishing one of Bitcoin’s early speculative narratives.
Nonetheless, he believes institutional confidence in non-stablecoin cryptocurrencies, particularly Bitcoin and Ethereum, will accelerate because of the upcoming CLARITY Act. He suggested that this long-anticipated legislation, designed to provide clear guidelines for market participants, could pass in Q1 or Q2 2026.
Poopoo Coins Like XRP and Cardano Are Done
With the CLARITY Act expected in early 2026, O’Leary stressed that most altcoins, including XRP and Cardano, now face an existential reality check. He claimed that institutional investors need only Bitcoin and Ethereum to capture more than 90% of the risk and potential returns in the crypto market.
In his view, once institutions allocate even a modest 3–5% portfolio weighting, they will focus almost exclusively on Bitcoin and Ethereum, rendering the rest of the market irrelevant.
Additionally, O’Leary described the altcoin sector as overcrowded with thousands of speculative “rat coins” or “poopoo coins.” Even if some projects claim real utility, he argued they cannot compete with the scale, regulatory alignment, or global recognition of Bitcoin and Ethereum.
In a follow-up commentary on X, O’Leary reiterated that most altcoins are “poopoo coins” and are effectively finished. Although he did not name specific tokens, reactions from the crypto community suggest he typically uses the term to describe all cryptocurrencies, including XRP and Cardano, except Bitcoin and Ethereum.
Community Reacts
As expected, his remarks triggered swift responses across the broader crypto community. Notably, popular XRP advocate BankXRP argued that O’Leary appeared to have little understanding of XRP, as shown on the screen during the interview.Quoting part of O’Leary’s statement, BankXRP urged the TV personality to share his views on XRP.
Meanwhile, another community member pointed out that recent inflows into XRP ETFs directly contradict O’Leary’s claim that the asset is “done.”
For context, XRP ETFs have attracted nearly $900 million in inflows in less than a month since their debut. Moreover, Cardano is also expected to see significant institutional demand once ETFs tied to ADA launch, further challenging O’Leary’s dismissive assessment of altcoins outside Bitcoin and Ethereum.
Temitope Olajide
