NFTs could become bigger than Bitcoin, according to Shark Tank’s Kevin O’Leary

The noticeable TV character Kevin O’Leary accepts non-fungible tokens (NFTs). He believes NFTs could create a much larger and more liquid market than Bitcoin. This expectation shocks many, because last summer, the Canadian financial expert stated that nothing could replace the leading cryptocurrency.

O’Leary’s Most Latest Forecast

Kevin O’Leary, NFTs, a.k.a. Mr. Wonderful, is another prominent figure who has shown mixed feelings about the cryptocurrency industry over the years. He first assessed the crypto world in 2019, when he called Bitcoin “useless.” He also described it as “trash” because you can’t receive it in large amounts easily.

However, at the start of 2021, he changed his view and said that he respects Bitcoin. A few months later, he joined the BTC ecosystem by allocating 3% of his portfolio to it.

During a January 5 interview with CNBC, O’Leary — known as one of the hosts of the TV show Shark Tank — talked about non-fungible tokens (NFTs) and their potential growth in the near future. According to him, like in 2021, NFTs will remain highly popular and could even become a larger market than Bitcoin.

His faith in advanced collectibles comes from the possibility that they can demonstrate responsibility for world things, like vehicles or watches:
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“You will see a lot of growth in validation and security strategies, as well as property transfer taxes going mostly online over the next few years,” Kevin O’Leary said. He believes NFTs could become a much larger and more liquid market than Bitcoin alone.

Overall, Mr. Wonderful stated that he is investing on both sides of the situation. A few months ago, the Shark Tank host had a slightly different stance. He expressed that the leading cryptocurrency is the best long-term investment tool. Compared to other digital assets, he sees Bitcoin as a more reliable option.

for example, Ether, he said:

That’s the gold standard of digital currency. Nothing else is going to replace it.

Is there anything that Mr.Wonderful dislikes?

Aside from bitcoin and non-fungible tokens, O’Leary is a sharp advocate of other computerized resources, including Ether, Solana, and Circle’s stablecoin fixed to the US dollar – USDC.

Nonetheless, there is one symbolic that he isn’t supportive of – Dogecoin. As per Mr. Wonderful, putting resources into the memecoin is the same than betting. He went further, saying that DOGE has no inborn worth and ought to be named unadulterated theory:

At the point when you guess on something like Dogecoin – that is the same than going to Las Vegas and putting your cash on red or dark – it’s an unadulterated theory.