Kevin O’Leary, a well-known crypto optimist, and Shark Tank investor believe that non-fungible tokens (NFTs) would outperform Bitcoin. In an interview, O’Leary, the chairman of O’Shares Investment Advisers, claimed that for the next several years, the NFT trend will favor the fluid market over real estate taxes and insurance policies. Since he was earlier quoted as suggesting that no crypto-asset could compete with Bitcoin, the Canadian TV personality’s words suggested a turnaround in his stance.
“You’re going to see a lot of movement in terms of performing authentication and insurance policies and real estate transfer taxes all online over the next few years,” O’Leary said in an interview with CNBC. He also stated that he is “investing on both sides of the equation,” regardless of the outcome.
O’Leary has not always been a proponent of cryptocurrency. He has previously declared Bitcoin to be “trash.” O’Leary stated regarding Bitcoin in 2019: “It is a useless currency, it is worthless.” However, in the last year, O’Leary has become a major fan of cryptocurrencies and has stated that these assets may be utilized for investment diversification. He has also expressed support for decentralized finance (DeFi), stating that it is a blockchain-based duplicate of the existing financial system.
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