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:

- Advertisement -

Maybe you are interested

Intel Launches New Chip to Enter Bitcoin Mining Industry

Reports show that Intel, one of the largest manufacturers of computer microprocessors, plans to launch...

After being noisy with DBZ, Khoa Pug quietly spent more than 3 billion VND to collect Baby Doge

After the drama with the King of Diamond Jonny Dang, Khoa Pug recently returned to the crypto market with the move...

Animoca Brands is valued at up to 5,5 billion USD

Animoca Brands, the investor behind today's most popular NFT deals and metaverse projects, has raised...

The market is now all 'red'

The total crypto market capitalization has dropped by around $100 billion in a single day as Bitcoin and most Altcoins...

Research shows that only 27% of El Salvador population trusts Bitcoin

El Salvador becomes the first country in the world in 2021 to adopt Bitcoin (BTC) as currency. University of Centroamericana...

Related posts

- Advertisement -