Kevin O’Leary says NFTs are just a flash in the pan, spends $13 million on rare sports cards

Jinse Finance reported that investor Kevin O’Leary recently teamed up with two other investors to jointly purchase a Kobe-Michael Jordan dual-signed sports card worth $13 million, as part of his rare physical collectibles index. O’Leary stated bluntly that the NFT market has become a thing of the past, and he prefers tangible physical assets. He pointed out that these collectibles may be tokenized in the future for better management and trading. At the same time, O’Leary remains optimistic about the investment potential of bitcoin, ethereum, and related blockchain infrastructure, emphasizing that blockchain can enhance market transparency, liquidity, and trust.