Kevin O'Leary rebalances his portfolio by closing 69 positions: bets on energy over altcoins and anticipates regulatory changes

The renowned investor has made significant decisions in his portfolio, closing 69 positions in altcoins to redirect capital towards physical assets. This maneuver reflects a deeper transformation in investment strategy, where energy emerges as an unexpected protagonist in the crypto narrative.

From altcoins to physical infrastructure: how O’Leary resizes its 69 positions

In its most recent strategic move, O’Leary has liquidated dozens of positions in smaller-cap tokens, repositioning funds into land, energy resources and base metals. His new vision identifies energy as an asset superior to bitcoin itself, basing this thesis on the massive demands generated by both cryptocurrency mining and the development of artificial intelligence.

The investor has secured significant deals on land with natural gas reserves in Alberta and the United States, believing that energy-dominant players are better positioned to simultaneously serve both industries—crypto mining and AI—thus capturing recurring capital flows.

Energy is the new gold: why it overtakes bitcoin in O’Leary’s portfolio

According to his analysis, energy represents a more fundamental asset than bitcoin, given its dual utility. While crypto mining consumes gigawatts, AI exponentially expands that demand. O’Leary also highlights opportunities in copper and gold, noting that copper prices have nearly quadrupled in their projects over the past 18 months—an appreciation that underscores the thesis that physical resources are capturing the bull cycle.

In parallel, he has increased positions in Robinhood and Coinbase, both considering investments in infrastructure of unquestionable value. Robinhood, in its perspective, acts as the primary bridge for users who want to manage stocks and digital assets in a single portfolio. Coinbase, meanwhile, serves as the “de facto standard” for institutional firms that manage stablecoin transactions and payments to vendors, especially once the expected regulatory frameworks are approved.

The end of the altcoin illusion: 69 positions liquidated, 97% of alpha concentrated

In contrast to his new approach, O’Leary has been a vocal critic of altcoins, referring to them disparagingly as baseless “speculative coins.” Their market analysis reveals a disturbing pattern: sovereign wealth funds and institutional indexers concentrate their interests exclusively on bitcoin and ethereum, capturing more than 97 percent of the alpha available in the crypto market.

This concentration of value has led to alternative assets being perceived as unattractive to large capital allocators. Even projects with greater visibility, such as Solana, face what O’Leary characterizes as a near-impossible battle to match the market positioning and adoption achieved by ethereum, despite the media momentum surrounding the blockchain.

The Clarity Act: The Catalyst O’Leary Expects for May

The investor does not foresee a substantial appreciation of crypto capital until the so-called “Clarity Law” is approved, legislation that he anticipates will be sanctioned around mid-May. This regulatory framework is critical because it would unlock institutional investment that is currently frozen in compliance departments.

O’Leary has partially attributed the regulatory impasse to the resilience of some platforms—including Coinbase in certain respects—regarding yield structures for stablecoins. The investor questions as “unfair” the disparity that allows traditional banks to offer returns on deposits while stablecoin holders remain without equivalent profits, calling this asymmetry “un-American.” Their expectation is that the bill will advance in the coming months, given that legislative staff already devote significant resources to its processing.

Sovereign wealth funds on hold: billions for crypto following regulatory approval

Beyond O’Leary, there is a macro scenario that validates his perspective: sovereign wealth funds managing portfolios of 500 billion dollars are prepared to allocate up to 5 percent of their assets to cryptocurrencies, but remain blocked by rigorous regulatory compliance processes. These institutional investors take an agnostic stance on specific blockchain narratives, interested only in liquidity and alpha returns, without the emotions that characterize crypto retail.

Pudgy Penguins and the New NFT Paradigm: From Speculation to Consumer Branding

In a different segment of the crypto market, Pudgy Penguins emerges as one of the strongest NFT projects in the current cycle. The platform has evolved from positioning itself as speculative “digital luxury goods” to a multi-vertical consumer branding strategy.

Its approach consists of acquiring users through conventional channels first—toys, retail alliances, and media virality—and then integrating them into Web3 through games, NFTs, and the PENEGU token. The ecosystem already encompasses physical-digital products with retail sales of more than 13 million dollars and more than 1 million units sold, gaming experiences such as Pudgy Party that exceeded 500 thousand downloads in just two weeks, and a token distributed in more than 6 million wallets. Although the market currently values Pudgy at a premium to traditional intellectual property peers, sustained success will depend on the execution of retail expansion, gaming adoption, and deepening of the token’s utility.

Dogecoin under pressure: analysis of critical levels as Bitcoin pulls back

In the present (January 29, 2026), dogecoin is experiencing downward volatility, pulling back roughly 5.69 percent over the past 24 hours while bitcoin falls 4.96 percent, reflecting an overall risk-off move in cryptocurrency markets. The memecoin is currently trading at $0.12, trading under technical pressure.

The asset penetrated the previously located critical support at $0.1218 on elevated volume, reversing that level as short-term resistance even after a brief bounce from approximately $0.115. Technical traders monitor the $0.115–$0.12 band as a critical decision zone: a consolidation and recovery of the $0.1218 level would suggest potential stabilization, while a sustained break below $0.115 would open bearish targets towards $0.108–$0.10, complicating the near-term outlook.

This dogecoin behavior aligns with the broader seal that O’Leary has described: while bitcoin and ethereum capture institutional interest, altcoins—regardless of their popularity—are trapped in cycles of volatility devoid of structural capital participation.