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Why Kevin O'Leary Is Betting Millions on Sports Cards While Declaring the NFT Market Dead | Markets Outlook

CoinDesk Podcast Network

CoinDesk

News, Tech News, Daily News, Business News

4.7698 Ratings

🗓️ 4 September 2025

⏱️ 24 minutes

🧾️ Download transcript

Summary

The latest price moves and insights with Kevin O'Leary. To get the show every week, follow the podcast here. O'Leary Ventures Chairman Kevin O'Leary, aka Mr. Wonderful, joins CoinDesk to discuss his evolving strategy for the maturing crypto market. He explains why he no longer focuses on the daily bitcoin price and has instead switched to an approach that earns yield on his core BTC and ETH holdings. Plus, his hot take on the future of digital ownership, calling NFTs a "fad" and explaining why he's optimistic on the tokenization of high-value physical assets. This content should not be construed or relied upon as investment advice. It is for entertainment and general information purposes. - Midnight is introducing a novel approach to token distribution. The Midnight Glacier Drop is a multi-phase distribution of the NIGHT token, aimed at empowering a broad, diverse community to build the future of the Midnight network. Holders of ADA, BTC, ETH, SOL, XRP, BNB, AVAX and BAT are eligible to participate in the first phase. Help usher in the next generation of blockchain with rational privacy and cooperative tokenomics on the Midnight network. To learn more, visit midnight.gd and prepare for the Midnight Glacier Drop. - This episode was hosted by Jennifer Sanasie.

Transcript

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0:00.0

I think owning the infrastructure is akin to owning the gene manufacturers and the manufactured

0:05.0

picks and shovels 300 years ago during the gold rush. I don't care. BTC doesn't move at all

0:11.1

between now and December. I'm still making money mining and being a shareholder in exchanges.

0:23.3

Hello, everyone. This is your markets outlook on CoinDesk. I'm your host, Jen Sanasi. Our guest

0:28.1

today is Mr. Wonderful Shark Tank Investor and chairman of O'Leary Ventures, Kevin O'Leary.

0:33.8

Welcome back to the show. Great to be here. Thank you. Great to have you. We are kicking

0:39.4

off the week here. Talk to me about what you're watching in the markets this morning.

0:43.3

Well, I'm obviously intrigued by the pace at which Tripto is being adopted, both domestically and

0:49.8

internationally, and around the tonality of regulation. I think that is really spurring all of this

0:57.1

on. Obviously, since you and I last talked, went through the Genius Act, and that has been a success,

1:03.3

released stable coins in the market, and they've been well received. And now we have the Clarity Act,

1:09.0

which is really the Infrastructure Act, which will give

1:11.8

us more guidance institutionally on where we're going to go with Granddaddy, Bitcoin, of course,

1:17.7

Ethereum has had a pretty good move up late. Salon is getting traction. So what I would call

1:23.8

putting Wall Street on chain is the next theme.

1:28.3

And there's a lot of derivatives to that, but the market tone is now from one of a more

1:34.3

punitive regulatory environment, which you saw just 18 months ago, to where we're now

1:40.6

seeing a remarkable wound activity, both domestically and and internationally around where crypto fits and digital payment systems and be for an alternative asset class.

1:51.9

And so that's a lot of change in a very short period of time.

1:56.4

Kevin, a lot that I want to unpack there with you.

1:59.4

But you outlined a lot of great milestones,

2:01.6

a lot of milestones this industry was waiting for for a very long time. We of course saw Bitcoin

...

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