Kevin O'Leary has a blunt message for crypto investors.

Most tokens won't survive, but Bitcoin, Ethereum, infrastructure, and tokenized real-world assets

may define the next investable phase.

Joining us now is chairman of O'Leary Ventures.

Kevin O'Leary, hello.

Great to be here. Thank you. Yeah, great to have you here. We've got to talk about the bling before we get to anything. I mean, you brought one in your collectibles. I'm not going to steal your thunder. Tell me what's around your neck, and we'll try and get a close-up of it. Well, this whole thing started on the red carpet at the Oscars where I wore one of our cards.

I've been... your neck and we'll try and get a close-up of it. Well, this whole thing started on the red carpet

at the Oscars where I wore one of our cards. I've been getting into the alternative asset

classes and about four years ago, Michael Ruman, the CEO of Fanatics said to me, he was a guest shark

and we were just sitting around backstage. He said, have you ever thought about investing

in collectible sports cards? I said, no, are there a piece of cardboard? Why would I do that?

That's crazy. He said, you really should start thinking about it because you should start thinking

about it as contemporary or modern art. And it's going to have the same capital appreciation

as a Warhol did in the

60s or Picasso did in the 50s. I didn't buy into it. He was right. I was wrong. And so I started

my journey in with a syndicate of other investors last August where we paid $12.93 million

for a Kobe Jordan, dual auto man.

We just got off for 21 million for it.

That's since August. It hasn't even been a year.

So that's better than I've done in crypto, better than I've done the S&P, better than I've done in private equity.

And it's liquid. I could sell it right now.

And so I would argue to you this is no different than building a portfolio of modern art.

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