$BTC traditional financial tycoons have begun to "sentence altcoins" to death?

Kevin O'Leary (the "Mr. Wonder" from the reality TV show) recently put a harsh remark: calling most altcoins "poopoo coins" and saying that they are almost doomed.

It is important who says this from the mouth - he is not an ordinary retail investor who vents his emotions in the group, but a senior investor in a suit and sitting in a Wall Street office. It is equivalent to people in the traditional financial circle who have begun to publicly "rank seats" in the currency circle.

To put it more bluntly:

He only keeps Bitcoin, Ethereum, and Solana. Other? In his eyes, there is no value in even looking at it. This screening criterion is cruel - it's like throwing a bunch of test papers on the ground, picking up only three copies, and stepping on the rest directly.

My understanding is:

When an outsider starts labeling assets in the circle, it often means two things - either the market is really differentiating (garbage to garbage, value to value), or it is creating a new narrative to facilitate their entry into harvesting.

Either way, the result is the same: projects that are not supported by practical applications and live purely on hype will have less and less room to live. But don't forget, death doesn't happen overnight - many "dead" coins can be used for several rounds to harvest those who are lucky.

So don't buy or sell brainlessly just because a celebrity says something. Just because he buys SOL doesn't mean you should buy it too, and his scolding of altcoins doesn't mean that all small currencies don't have a chance.

The market is always smarter than anyone.

The last sentence is for friends who are still holding a bunch of coins that "hope it will rise back": When the tide is low, you know who is swimming naked.

(This article does not constitute investment advice)