Kevin O’Leary’s Crypto Advice

Good evening, my degenerate crypto friends. How are you doing this fine evening? I’m doing well, though I got a late start today. It’s getting dark outside, but I saw a post on X from Kevin O’Leary, aka Mr. Wonderful from Shark Tank. He said, “All you need to own is Bitcoin and Ethereum, and you own 90% of the volatility of all the other poo poo coins.” So, what’s happened to those coins is they collapsed last October, and thousands of them never came back. I dumped all my coins and own those two as well. Is Mr. Wonderful right? Should you only own Bitcoin and Ethereum? If you’re a Bitcoin maxi, you would say yes, but only Bitcoin. Many people think that way. Personally, I think Kevin O’Leary has no idea what he’s talking about regarding crypto. He knows a lot about finance, investing, and running businesses, but not about crypto. Let’s see if he’s right or not.

Solana’s Activity and Performance

I looked up activity for Solana, BNB, and Chainlink—three of the top chains that are not Bitcoin and Ethereum—to see what’s happening. I also got a ranking from Chad GPT of the best investments in terms of risk and reward. Let’s see what ends up on top. Is it Bitcoin and Ethereum, or not? Solana, for example, currently has a total DeFi TVL (Total Value Locked) of 18 billion. Broader estimates vary from 9 to 10 billion conservatively in DeFi, up to 30 to 38 billion including staking, RWAS, and derivatives. Daily active users are over 3 million, with weekly transactions at 500 million. DEX volume is 2 billion per day, totaling 1.5 trillion annually. Solana is activity-heavy relative to TVL, generating more transactions and retail flow per dollar of capital than Ethereum. Trading is a dominant driver, with DEX volume over 2 billion daily on platforms like Jupiter, Orca, and Radium. Solana has near-zero fees, high throughput, and is driven by retail and bots, with 60 to 80% of all transactions. It’s also heavy with meme coins, stable coin payments, NFTs, and gaming.

BNB’s Usage and Growth

Now, let’s look at BNB. It has a total value locked of 7.8 to 8 billion, with daily active users between 3.5 million to 4 million. Weekly DEX volume can reach up to 50 billion during active periods, with over 100 million transactions weekly. BNB is one of the highest usage chains globally, though its TVL is mid-tier compared to Ethereum and Solana. It’s activity-heavy but has lower capital density. BNB has always worked well, and many people use it. Ethereum was the first, but BNB caught up, and Solana has surpassed it. BNB’s TVL is dominated by liquidity pools, lending markets, and yield farms, with PancakeSwap being the biggest DEX. Real-world assets on BNB have a TVL of 3 billion, with rapid growth in tokenized US treasuries, funds, and gold-backed assets. Despite criticisms of centralization, BNB has performed well.

Chainlink’s Role and Importance

Chainlink is different from a typical blockchain. It doesn’t have native TVL in the traditional sense. Instead, you look at value secured, transaction value enabled, and on-chain activity usage. Chainlink’s total value secured is equivalent to TVL, with 100 billion actively secured across DeFi and on-chain apps. It dominates 60 to 80% of the oracle market share, connecting blockchain and real-world data. It’s critical for lending, derivative settlement, liquidation, and stable coin backing checks. Chainlink’s growth trajectory is impressive, with projections of 9 trillion in 2023, 17 trillion in 2024, and 27 trillion in 2025. It’s arguably more important than Ethereum.

Investment Rankings by Chad GPT

Let’s see how Chad GPT ranks these three chains against Bitcoin and Ethereum in terms of investment. It ranks them by downside protection, stability, liquidity, institutional support, upside potential, growth, adoption, expansion, risk, competition, tech, regulation, narrative, and fragility. Number one is Solana, which offers the highest asymmetric upside without being speculative. It’s a large cap with strong growth in users, DeFi, and consumer apps, with high throughput and low fees. Number two is Ethereum, which is a balanced bet, dominating smart contracts, DeFi, and tokenization. It benefits from major long-term themes but has a lower upside than Solana. Number three is Chainlink, a high upside infrastructure play, critical for oracles and real-world data. It benefits from ecosystem growth but can lag in hype cycles. Number four is Bitcoin, with the lowest risk and lowest upside, serving as a core portfolio anchor. It’s best for capital preservation. Number five is BNB, with solid but capped upside, backed by a large exchange ecosystem. It’s strong but structurally limited, gaining from usage rather than speculation.

In conclusion, Kevin O’Leary may know a lot about finance, but he doesn’t understand crypto. I hope you found this information valuable. Enjoy your evening, be happy, and grateful for this wonderful life. I’ll see you tomorrow.