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Shark Tank investor thinks NFT will be bigger than Bitcoin

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Investidor Kevin O

Although both concepts are relatively new, bitcoin has been around longer than NFT. However, Kevin O’Leary, an investor in the famous Shark Tank, believes that the latter will become more than a cryptocurrency and explains why.

However, Bitcoin will not be forgotten.


O'Shares Investment Advisers Chairman and Investor Kevin O'Leary, in addition to converting after the devaluation of the cryptocurrency, said that, in his opinion, NFT has a chance to become more than Bitcoin itself. Secondly, Forbes, their belief stems from the fact that this technology can prove ownership of real items digitally rather than on paper.

Over the next few years, there will be many changes on the Internet regarding authentication and insurance policies, and real estate transfer taxes, making NFT a potentially larger and more fluid market than Bitcoin.

Investor Shark Tank recently reported to CNBC Capital Connection.

While NFTs are cryptographic tokens that serve to prove the authenticity of virtual items - usually expensive ones - there are those joining forces to make NFTs represent physical goods as well.

Let's see what happens, but I'm making this bet and investing in both sides of the equation.

Revealed by Kevin O'Leary.

NFT

Investing "both sides of the equation" in 2019, O'Leary said bitcoin was "a worthless coin." Now let's see cryptocurrency as a way to diversify assets, with enthusiasm for "decentralized finance".

Investor Comments on Bitcoin

While he believes in the growth of NFTs, investors are not ruling out Bitcoin. In fact, he stressed the importance of cryptocurrency regulation. For example, the United States of America, as well as other countries, are trying to keep pace with market developments to avoid potential money laundering and to protect consumers from financial harm.

Different regions have different encryption policies. You need to find more progressive jurisdictions.

Explica O'Leary.

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Economy

The fall in prices in a double dose “lightens” the Portuguese wallets. Know how much you will pay to complete the deposit

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Between rising fuel prices and falling CPI for gasoline.  Find out how much you will pay for replenishing your deposit this week

For the first time in the past five weeks, diesel fuel will follow a downward trend. And the good news is that next week, gasoline will follow the same path: according to a sector source contacted by Multinews, the main national oil companies are “focusing on reducing the price of diesel to three cents.” per litre. In the same sense, gasoline should be cheaper to 1 cent.”

Private label gas stations, which usually operate near hypermarkets, are following the trend and are reporting “a €0.0077 price decrease for petrol and €0.0273 for diesel,” another source said.

Taking into account these movements, the Government has determined an additional ISP reduction of 1.2 cents for gasoline and 0.4 cents for diesel from this Monday, which will be reflected in tax relief, the Ministry of Finance said.

It was the sixth decline in gasoline prices since the start of the year, despite having already registered 19 weeks of growth. As for diesel fuel, this is the seventh drop since January, which, however, is “contradicted” by 17 increases in 2022. During this period, the price of diesel increased by 47 cents per liter, while the price of gasoline rose by 51 cents.

This means that filling a 60-liter tank of diesel fuel costs 28.2 euros more than in January. It takes 30.6 euros more to fill up the gas tank than in the first week of the year. Remember the fuel prices at the beginning of the year: 1,501 euros for diesel and 1,665 euros for gasoline.

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This Monday, taking into account the announced break, the invoice confirming the deposit of 60 liters of diesel fuel will decrease by 1.8 euros. If you fill up the gas tank, you save 60 cents.

Data from the Directorate General of Energy and Geology (DGEG) shows that the average price of a liter of diesel fuel in Portugal is currently 2080 euros per liter, while the price of 95 gasoline is 2121 euros. The latest fuel bulletin from the European Commission states that Portugal ranks 9th in terms of the cost of gasoline 95 of the 27 countries of the European Union. Diesel takes the 10th position in the European ranking.

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Economy

Stoxx 600 at 16-month low. Portuguese debt interest below 2.5% – markets per minute

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Stoxx 600 at 16-month low.  Portuguese debt interest below 2.5% - markets per minute

The Stoxx 600 hit 16-month lows and is about to record the worst half since the 2008 crash.

European stocks started the session colored red, refreshing their February 2021 “benchmark” lows, fueled by fears of a possible recession, fueled by statements by US Federal Reserve Chairman Jerome Powell in the US Senate.

The Stoxx 600 lost 1.25% to 400.68 points. Of the 20 sectors included in the index, energy and mining companies are suffering losses due to falling prices for oil and other raw materials. The European benchmark par excellence has already lost 19% since its peak in January, so it is one step away from a bear market.

The benchmark is even set to record the worst half since the 2008 financial crisis triggered by the war in Ukraine and hawkish central bank monetary policy to curb inflation, the world’s biggest monetary crisis, according to a Bloomberg report. tightening of the movement since the 2000s.

However, some strategists believe that part of the losses can be won back. The Stoxx 600 should end the year at 467 points, up 14% from Tuesday, according to Bloomberg’s mid-month forecast of 15.

“Now there are interesting opportunities in the medium term. The situation remains the same, but it seems that the market is starting to learn to live with it as it looks for a fund,” defended Diego Fernandez, investment director of A&G Banca Privada. in Madrid, according to Bloomberg.

In other European markets, the focus is on London, which lost 1.02% on the day of celebrations of the sixth anniversary of the Brexit referendum in 2016. After this event, the British FTSE index has already fallen by 8.7%, but now everything can change. that the London benchmark is doing better than some of its peers this year.

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Madrid loses 1.29%, Frankfurt 1.40%, Paris 1.29% and Amsterdam 1.25%. Milan fell 1.43%, while Portugal posted the most timid drop in the block (0.76%).

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Economy

Greenvolt capital increase: demand for Altri rights is 1.43 times higher than supply – Bolsa

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Greenvolt enters US market with acquisition of Oak Creek Energy Systems - Energy

Altri sold all Greenvolt capital increase subscription rights it had during the two days of the offer. The company decided not to follow the increase in energy capital, thereby reducing its positions, and sold its rights to shareholders. Demand exceeded supply by 1.43 times, according to data published in Securities Market Commission (CMVM).

“The public offer for the sale of 23,154,783 subscription rights to shares of Greenvolt – Energias Renováveis, SA, put forward by Altri and Caima and the acceptance period of which took place on June 21 and 22, was accepted in full by the respective recipients (Altri’s shareholders),” he stated. “Demand for the rights under this proposal exceeded the corresponding object by 1.43 times.”

Greenvolt’s capital increase takes place until July 4, at the same time as negotiations begin on subscription rights for new shares to be issued by the company led by Joao Manso Neto. Altri, the renewable energy company’s largest shareholder (with 19.08%), said outright that it would not accompany the operation, listing more than 23 million subscription rights for sale between Monday and Wednesday.

The paper company gave shareholders the opportunity to buy the rights at a price of 0.13 euros at a discount compared to the rights traded on the stock exchange. This Thursday the rights closed session in 0.1755 euros per piece. By closing the sale of all rights, Altri managed to gain about three million euros.

The capital increase to raise €100 million is for current Greenvolt shareholders at a price of €5.62 per share, but other investors will also be able to participate by purchasing subscription rights (if they buy the rights). A new share with an underwriting ratio of 0.14659, i.e. almost seven (6.822) shares currently owned, gives the right to purchase a new share at a price of 5.62 euros.

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(News updated at 17:40)

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