Shark Tank’s Kevin O'Leary Beliefs NFTs Could Beat The Bitcoin
The great Crypto optimist, Kevin O’Leary is also known as the popular shark Tank investor has who beliefs that the Non-Fungible Tokens (NFTs) would be much bigger than Bitcoin.
O’Leary is a chairman of O’Shares investment advisors, mentioned a comment on Bitcoin and NFTs and said that the NFTs will be in a large part of the interest of investors than Bitcoin. Also, he indicated that these Token’s trade can favor the fluid market rather than the real state taxes and insurance policies in the next few years.
Highlighted Points
- O’Leary has witnessed a statement that he invested equally in both the Bitcoin and NFTs.
- Earlier the opposing nature statement was made by O’Leary that, no crypto assets could beat Bitcoin.
- In the previous year 2021, the NFTs made a growth of 230 times in sales.
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O’Leary Statement
In a recent interview that has been given to CNBC, the O’leary has said “You are going to see a lot of movement in terms of doing authentication and insurance policies and real estate transfer taxes all online over the next few years. Making the NFTs a much bigger, more fluid market potentially than just Bitcoin alone,”
He also added that he is “Investing on both sides of that equation”. This became regardless of which of the two comes out on top.
He also told that he has a belief strong in the NFTs because they allow people to prove their ownership in real-world properties. More and more companies are also showing their interest in NFTs and also it became more preferable when compared to physical records.
In 2019, O’Leary also commented about the crypto assets, especially about Bitcoin and NFTs. As O’Leary has not been a crypto supporter and in the past time he also has said the Bitcoin as a “Garbage” and later on he said “it is a useless currency and it’s Worthless”
As against this thought, he has taken to cryptocurrency in a large proportion in the investment and also noted that this is the diversified investment and also showed an interest and support about the decentralized Finance (Defi), noting the replica that this is a traditional finance system based on Blockchain.
O’Leary has also disclosed the facts that he has too invested in the crypto assets and also in Bitcoin and but his major portion has been invested in Ether and some others such as OpenSea, AtomicMarket, and Solanart are the most popular apps.
On comparing with the previous figure of 2020 the DappRadar report indicate that NFTs became 230 times in sales volume in 2021, from just $ 100 million (about 744 crores).
