Kevin O’Leary Says ‘NFTs Will Be Bigger Than Bitcoin’: What Else Does Mr. Wonderful Think About The Futur – Benzinga

See Kevin OLeary at Benzingas Future of Crypto event in December. Reserve a seat now!

Kevin OLeary said on Twitter earlier this year that "NFTs will be bigger than Bitcoin."

The "Shark Tank" investor added his reason why: the ability for NFTs to record ownership.

At an estimated market capitalization of around $40 billion, the non-fungible token market will need to grow by over 1,000% to surpass Bitcoins market capitalization.

Yet given the vast applications for NFTs, this prediction is actually fairly reasonable. While Bitcoin is primarily used as a store of value as well as a currency in some instances NFTs can be used for intellectual property, art, gaming, identityand more.

The shark, investorand crypto bull has long supported cryptocurrency, DeFiand NFTs.

Amid the market downturn, OLeary stated hes doubling down on crypto, as there are plenty of opportunities to take advantage of in a bear market. Alongside Bitcoin, OLeary has also invested in Ethereum ETH/USD, Algorand ALGO/USD, Solana SOL/USD, Polygon MATIC/USDand many others.

To get more personal insights from Mr. Wonderful, were hosting our inaugural cryptocurrency conference in Manhattan in December.

Join us to meet the founders and investors building the future of crypto, NFTs, DeFi, and more at Benzingas Future of Crypto conference. Tickets just went live, so be sure to reserve a seat before prices increase.

Photo via Shutterstock.

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Kevin O'Leary Says 'NFTs Will Be Bigger Than Bitcoin': What Else Does Mr. Wonderful Think About The Futur - Benzinga