Kevin O’Leary, millionaire and crypto advocate, thinks that non-fungible tokens (NFTs) could someday become more valuable than Bitcoin (BTC).
During an interview with CNBC’s Capital Connection last Wednesday, O’Leary a.k.a “Mr. Wonderful” reasoned that NFTs have more potential to draw in more capital than Bitcoin. Why? Because they can tokenize and authenticate material assets like cars, watches, and even real estate.
However, he also admits that he’s not restricted to that bet, and would, therefore, invest in both sectors. Believe it or not, but Mr. Wonderful used to be one of the crypto skeptics. However, he admitted in a recent interview with Cointelegraph that his change of mind toward blockchain and digital assets was because more and more regulators have been warming up for the last few years.
However, not everyone agrees that Bitcoin and NFTs can be compared. Specifically, CoinGecko co-founder and chief operating officer Bobby Ong said to Cointelegraph that he doesn’t think it’s fair to compare BTC to NFTs, as the former is only one asset while the latter is an entire sector.
Nevertheless, Ong notes that the adoption of NFTs in 2022 will only keep increasing, especially since the sector is still in its early days and that there’s “a lot of room to grow.”
In other news, CoinGecko recently published a brand-new book entitled How To NFT. It’s essentially a one-stop guide for NFT newcomers, giving them a thorough rundown on how to buy, sell, store, and mint non-fungible tokens.
