NFTs Will Soar in ’22, According to Kevin O’Leary of Shark Tank Fame

<p>Kevin O'Leary, a successful entrepreneur, investor, and host of "Shark Tank," has made headlines for his perspective on NFTs. According to O'Leary, '22 will be the year of NFTs. Indeed, O'Leary stated that NFTs will exceed Bitcoin in the coming year. O'Leary, chairman of O'Shares Investments, told Yahoo Finance Live that he believes NFTs have true value since they make it simple to digitally account for the inventory, authenticity, and ownership of physical objects in the actual world.</p> <p>O'Leary cites the possibility of NFTs to digitally document ownership of old watches, works of art, sports trading cards, souvenirs, and other valuable goods as an example. The shark continued by describing how he and his fellow collectors and business experts are confronted with the inventory management and authenticity challenges.</p> <p>The expectation is that NFTs will alleviate such difficulties, making it significantly easier to authenticate things of significant value, such as vintage timepieces. O'Leary noted that determining the authenticity of a vintage watch consumes a significant amount of time and work. The emergence of NFTs has the potential to remove this work by providing instant confirmation that a vintage watch or other rare object is authentic and worth a significant amount of money.</p> <p>O'Leary Is a Bitcoin Critic</p> <p>It's worth noting that O'Leary has previously made a point of referring to Bitcoin as "trash." O'Leary currently believes that investing in cryptocurrencies such as Bitcoin and other alternative stores of value such as NFTs is comparable to investing in Google and Amazon when they initially launched. The shark stated that investing in Google and Microsoft is, at its core, a software investment. He emphasised that Bitcoin is not a physical coin but rather a type of software. Additionally, the underlying blockchain is software that functions as a digital store of value and a mechanism for digitally protecting that wealth.</p> <p>Investors, O'Leary says, will be eager to invest in