Shark Tank investor thinks NFT will be bigger than Bitcoin

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.

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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