Betting on real assets, not tokens
Kevin O'Leary, known from the TV show Shark Tank, is convinced that the future of the crypto industry depends not so much on the cryptocurrencies themselves, but on the development of the related infrastructure. That's why the entrepreneur is actively investing in land plots ready for the installation of data centers and Bitcoin mining farms.
According to O'Leary, most cryptocurrency tokens will never recover from the market crash in 2022. Instead, he is betting on the growing demand for data storage and processing capabilities, which are necessary for the blockchain and artificial intelligence industries.
The investor has already acquired 13,000 acres of land to prepare 'shovel-ready' sites for potential tenants - miners and data centers. Such sites already have all the necessary infrastructure and are ready for rapid deployment of equipment.
Trend towards real assets
O'Leary's position reflects a wider trend in the crypto industry. After a series of high-profile bankruptcies and price collapses in 2022, investors have become more cautious about virtual assets and prefer to invest in real infrastructure.
The growing demand for computing power needed for blockchain and AI applications makes investments in data centers and mining farms attractive long-term investments. While most cryptocurrencies are unlikely to recover, the demand for this infrastructure is likely to continue growing.
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