Kevin O’Leary believes that NFTs will far exceed Bitcoin in every capacity. He sat down with Yahoo Finance, expressing his support behind NFTs because of their investment potential and value.
NFTs Have Changed Kevin O’Leary’s Mind
He told Yahoo Finance that due to NFTs ability to track ownership, inventory management and authenticity, they are valuable. He also said that buying into NFTs is like purchasing shares in Amazon and google at their early stages, Kevin O’Leary said:
“If you invest in Microsoft (MSFT) and Google and Amazon, what is the core you’re investing in? It’s basically software, “Well, bitcoin is not a coin, it’s actually software. The blockchain is software, ethereum… HBAR, polygon, is software. So the real decision is if you’re willing to invest in software, because it’s a productivity tool. It provides a service, particularly in payment systems that is being used globally.” said Kevin O’Leary
As a result, the Shark Tank investor has begun to change his tune on blockchain, from his anti-crypto stance due to NFTs. Despite this, we still do not know his view on Crypto, but we do know that NFTs are changing his mind.
Kevin O’Leary sees the value of NFTs and how the space may change the nature of investment portfolios. It will be interesting to see if O’Leary buys any NFTs himself in the future.