Millionaire investor and cryptocurrency supporter Kevin O’Leary believes the non-fungible token (NFT) sector may be more valuable than Bitcoin (BTC) in the future.

O’Leary, aka Mr. Wonderful, spoke to CNBC Capital Connection on Wednesday that NFTs offer greater capital raising potential than Bitcoin, thanks to their ability to tokenize and certify physical assets such as cars, watches, and property:

“In the next few years, you will see big shifts in online authorization, insurance, and transfer taxation rates, making NFT a much larger and more liquid market that will probably only be left with bitcoin.”
However, Mr. Wonderfall acknowledged that he is not tied to the effort and will continue to invest in “both sides of the equation.”

The former crypto skeptic told Cointelegraph in a recent interview that his move to blockchain and digital assets has been fueled by regulators’ growing trend towards global warming in the past two years.

Not everyone agrees with the comparison between bitcoin and NFT, but CoinGecko founder and COO Bobby Ong told Cointelegraph that “it’s probably unfair to compare bitcoin, a separate asset, with NFTs, which represent an entire sector.”

Ong noted that the NFT adoption curve in 2022 will only grow upward as the sector is still in its infancy:

“Collectively, I think if you look at all of the NFTs and the fact that 2021 has been the year of market adoption, there is definitely still a lot of room for growth.”
He added, “We already have a bunch of blue NFTs, but I think the industry is still only superficially describing what NFTs can be and what they can do, especially if the metaverse materializes.”

RELATED: Global Research Interest in ‘NFT’ Outweighs ‘Cryptography’ For The First Time

CoinGecko recently published a new book, How To NFT, which provides an overview of how to buy, sell, store and store NFTs for beginners entering NFT territory. When asked if he thinks the “technical history of NFT” will continue to dominate in 2022, or if the trend will shift towards utility-based NFTs, He said:

“Art and collectibles will always be at the top of the list as they are most beginner-friendly and easiest to understand. When it comes to the NFTs used, I think it’s probably interesting how some of the NFTs are art and can be useful. ”
“We saw BAYC, which NFT is also a member of their ‘club’, and he really helps build a sense of identity and community,” he added.

Source: CoinTelegraph

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