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- Ethereum community members refuted O’Leary’s claims, clarifying that actual gas fees peaked near $22, and not what he claimed.
- Robert Kiyosaki took the opposite stance, expressing bullish sentiment on Ethereum and silver, calling both strong stores of value.
Over the weekend, billionaire investor Kevin O’Leary highlighted significant network congestion on the Ethereum blockchain. He noted that the world’s largest blockchain, in terms of operations, saw its transaction fees pass $1,000 for even small transfers.
Comparing it to a “thousand-dollar toll on a one-lane highway,” O’Leary warned that the network struggles under real-world usage.
Kevin O’Leary Flags Ethereum Congestion
In his message on the X platform, millionaire investor Kevin O’ Leary noted that while the crypto industry has long promoted on-chain adoption, the current congestion exposes weaknesses in Ethereum infrastructure.
He emphasized that innovation must focus not just on hype or speculation, but on developing systems capable of scaling to meet real-world demands. O’ Leary wrote:
For over a decade we’ve talked about going on-chain, and now with real-world adoption finally happening, the cracks are showing. Innovation isn’t just about hype or speculation, it’s about building infrastructure that can actually handle scale.
However, several members of the Ethereum community disputed O’Leary’s claim, pointing out that actual gas fees for a simple swap were around $22 for about an hour. This was far below the $1,000 claimed by him. Critics also noted that the layer-1 network is not designed to handle high volumes of retail traffic.
“O’Leary’s take is like saying airplane wheels are too small. True, but completely missing the point… It is the final settlement layer for the on-chain economy, focused on security, neutrality, and auditability,” influential Ethereum community member Adriano Feria said in a social media post.
While Kevin O’ Leary cites the weakness of the Ethereum ecosystem, the institutional adoption of ETH has been rising, as mentioned in our previous post. This trend has also been reflected in the strong inflows into the spot Ethereum ETF seen this year, 2025.
Robert Kiyosaki Is Bullish on Ethereum
While Kevin O’Leary slammed Ethereum, billionaire investor Robert Kiyosaki is bullish on the altcoin. He believes that the biggest crash in world history is coming this year, in global markets, including Europe, as reported by CNF.
Kiyosaki reiterated his long-standing support for alternative assets, emphasizing silver and Ethereum as his preferred investments. Kiyosaki said both assets serve as strong stores of value and have growing industrial use cases, making them attractive at current price levels.
He advised investors to research the advantages and disadvantages of silver and Ethereum before making investment decisions based on their own financial judgment.
