Kevin O’Leary has criticized Ethereum's scalability and high gas fees, likening it to a costly toll on a one-lane highway. His remarks have drawn criticism from the Ethereum community, who argue that typical gas fees are significantly lower than O’Leary's claims. On October 17, 2025, Ethereum's price fell 3.9% to $3,870, contributing to a broader $100 billion market correction.
Despite the criticism, O’Leary confirmed his continued focus on Bitcoin and Ethereum, citing their market dominance. Technical analysis indicates a potential bearish trend for Ethereum, with prices possibly dropping to $2,500 if key support levels are breached.
Kevin O’Leary Criticizes Ethereum's Scalability Amid Market Downturn
Disclaimer: The content provided on Phemex News is for informational purposes only. We do not guarantee the quality, accuracy, or completeness of the information sourced from third-party articles. The content on this page does not constitute financial or investment advice. We strongly encourage you to conduct you own research and consult with a qualified financial advisor before making any investment decisions.