Kevin O’Leary of Shark Tank thinks 2022 is the year of the NFTs. Shark Tank investor and crypto expert Kevin O’Leary believes NFTs will be bigger than Bitcoin. The head of O’Shares Investments said that NFTs, a category of altcoins, hold value because of their ability to digitally track the ownership, authenticity and inventory management of real-world items. Detail cryptocoin.com‘in.
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O’Leary, who once called Bitcoin “garbage,” says investing in cryptocurrencies and NFTs now is like investing in the early days of Amazon and Google. O’Leary says:
If you invest in Microsoft (MSFT) and Google and Amazon, what core are you investing in? It’s basically software. Well, Bitcoin is not a coin, it is actually software. Blockchain is software. Ethereum… HBAR, Polygon, is software. So the real decision is whether you want to invest in software because it is a productivity tool. It offers a service that is used worldwide, especially in payment systems.
Shark Tank investor and crypto-converter Kevin O’Leary believes that non-tradable tokens (NFTs) will be bigger than BTC. O’Leary said NFTs offer value because of their ability to digitally track the ownership, authenticity and inventory management of real-world items. O’Leary says:
One of the biggest challenges I face is inventory management, insurance management and then of course authentication. When people offer me vintage watches, I have to go through a very rigorous verification process to find out if they are fake, there are so many fake watches on the market. NFTs can solve all these problems.
O’Leary says that if 2021 were the year crypto became more mainstream, 2022 could see clear regulation in the industry. “If we streamline it, get institutions in and find a way for them to be aligned, trillions of dollars will go into this space because it has a pragmatic use,” says O’Leary.
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