Seeking Alpha
2022-01-05 15:32:41

Shark Tank's Kevin O'Leary believes NFTs could outshine bitcoin

Kevin O'Leary, the famed Shark Tank investor, thinks non-fungible tokens could become a "much bigger, more fluid market potentially than just bitcoin alone," he told CNBC in a televised interview. Keep in mind an NFT are cryptographic assets that represents real-world objects, and also serves as an important medium in the metaverse. "You're 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," O'Leary adds. Note that "NFT" Google searches already surpassed "crypto" and "bitcoin" for the first time ever towards the end of December. "We'll see what happens but I'm making that bet and I'm investing on both sides of that equation," O'Leary told CNBC. Meanwhile, NFT-related stocks/ETFs are mixed so far on Wednesday, including: Vinco Ventures (BBIG -3.1%), Cordia (OTCPK:CORG), Defiance Digital Revolution ETF (NFTZ -1.3%), Hall of Fame Resort (HOFV

Get Crypto Newsletter
Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer