O'Leary Shifts Crypto Focus to Stablecoins Over Bitcoin at $77,922

On May 21, investor Kevin O’Leary emphasized that stablecoins deliver greater real-world utility than Bitcoin through faster transfers and U.S. Treasury backing, while BTC remains digital gold. This follows his May 19 remarks labeling Bitcoin speculative and volatile yet praising Tether’s $141 billion Treasury holdings and stablecoin efficiency. O’Leary reiterated his strategy of concentrating holdings in Bitcoin and Ethereum, which capture 97.5% of market volatility, and highlighted Ethereum’s 67% dominance in tokenized assets worth $18.6 billion. Market reaction shows mixed sentiment favoring stablecoin infrastructure and core crypto exposure amid BTC trading near $77,922.