HomeCrypto NewsBitcoinMillionaire Kevin O'Leary Says NFT Could Be Bigger Than Bitcoin

Millionaire Kevin O'Leary Says NFT Could Be Bigger Than Bitcoin

- Advertisement -

Millionaire Kevin O'Leary Says NFT Could Be Bigger Than Bitcoin

In addition to being an avid supporter of cryptocurrencies like Bitcoin, millionaire Kevin O'Leary is also known to be a lover of NFTs.

Interview on CNBC on January 5, Kevin O'Leary — a familiar face on the American reality TV show Shark Tank — spoke about NFTs and predicted their growth potential in the coming years.

- Advertisement -

“Similar to 2021, NFT will continue to boom in 2022 and it may even become a bigger market than Bitcoin,” said the Canadian millionaire.

Kevin O'Leary said that he has great confidence in the development prospects of NFT, as it can prove ownership of real-world items, such as cars or watches:

“You will see a lot of movement in implementing authentication and insurance policies as well as real estate transfer taxes online over the next few years, making NFTs a more flexible, potential marketplace. much more than just Bitcoin.”

Revealed on CNBC, Kevin O'Leary said that he is investing in NFT but did not say the specific project.

Don't like Dogecoin

Although he has spoken out in support of cryptocurrencies, there is one coin that Kevin O'Leary does not like, which is Dogecoin.

In the past, he has expressed interest in Altcoins like Ethereum, Solana or stablecoin USDC but for Dogecoin, he advises investors that “People should stay away from it”.

“Investing in meme coins is like gambling. It (DOGE) has no inherent value and should be classified as pure speculation,” he said.

See more:

Rate this post
- Advertisement -

Maybe you are interested

Major corporations invest $6 billion in blockchain startups

Forty top corporations have invested around $6 billion in blockchain startups since September...

Luxury resorts in Maldives and Thailand accept crypto payments

Luxury resort chain Soneva has started accepting cryptocurrency payments at its resorts...

Cryptocurrency market has more than 700 new coins in the 3rd quarter of 2022

The cryptocurrency market has significant volatility in 2022, yet developers are still trying to launch...

More than 75% of financial institutions intend to use crypto in the next three years

More than 75% of financial institutions will join the crypto universe in the next three years if the sector...

India Investigate 10 Cryptocurrency Exchanges For Laundering Over $125 Million

India's Enforcement Directorate is conducting an investigation across ten exchanges into the laundering of more than...

Related posts

- Advertisement -