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CoinDesk Podcast Network

Kevin O’Leary on the asset class that beat everything else in his portfolio

CoinDesk Podcast Network

CoinDesk

Business News, Daily News, News, Tech News

4.7698 Ratings

🗓️ 5 June 2026

⏱️ 11 minutes

🧾️ Download transcript

Summary

Kevin O'Leary joins the mainstage at Consensus wearing a $5.2 million Michael Jordan card around his neck and explains why collectibles have become his best-performing asset class, including a 3am bidding war that cost him nearly $13 million. He then breaks down why 97% of institutional crypto interest is concentrated in just BTC and ETH, why altcoins got slaughtered, and what it will actually take for blockchain to get adopted by the S&P 500. Plus, why he thinks power infrastructure and data centers are a better bet than picking crypto winners. - Timecodes: 00:00 - Kevin O'Leary at Consensus Miami 2026 01:16 - Sports Cards as an Asset Class 03:25 - Tokenization, the Clarity Act, and Why Altcoins Got Slaughtered 05:21 - The S&P 500 Blockchain Thesis: One Chain Will Win 07:53 - Why Power Is More Valuable Than Bitcoin 09:34 - The US vs China AI Race

Transcript

Click on a timestamp to play from that location

0:00.0

The country that has the best AI wins all the wars, has all the productivity, has the enhanced economy, and solves problems faster. And you don't want that to be China because they don't believe in the same things we do. They'll use that to create the largest economy on Earth and worse, the best military on Earth. So chop, chop, everybody, we gotta get going.

0:26.6

First off, I gotta ask, what's around your neck right now?

0:31.6

So this is a Skybox Jordan.

0:34.6

Nine were made, 1997, PSA 6.5. Cards worth around 5.2 million. Somebody

0:42.8

bought this for nothing back in 97. I love this asset class. It's appreciated better

0:49.6

than any of my other indices and I love wearing these things. This is so

0:53.7

outrageous. It is so outrageous.

0:54.7

It's so much fun.

0:56.0

I wore this on the red carpet at the Oscars, this Tiffany case,

1:00.1

paired it with a Rolex, which I think works beautifully, and an F.P.

1:03.9

Jorn.

1:04.7

I mean, this stuff is too much fun, but I'm making money owning this.

1:09.4

That's what I care about.

1:10.7

You are.

1:11.2

And tell me what excited you and what got you into the collectible asset class,

1:15.6

especially around sports cards.

1:16.8

Michael Rubin was a guest shark on Shark Tank four years ago,

1:20.0

and he said, you should go long collectibles.

1:22.4

I said, you're crazy.

1:24.1

I mean, a piece of cardboard for $20 million, that's a joke.

1:33.3

Then I found myself last August, three in the morning, bidding on a dual logo man, Kobe Jordan Auto.

1:35.3

It was at $8 million when my wife went to bed and she said, if you buy that card tonight,

...

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