Influential investor and media personality Kevin O’Leary said on Monday that the “next big thing” in cryptocurrency would be determined by its adoption across different sectors of the S&P 500.

What’ll Be The Gamechanger?

O'Leary took to X, sharing a clip from his recent interview, in which he predicted the trajectory of cryptocurrency.

The “Shark” highlighted the untapped potential of tokenizing S&P 500 elements such as contracts, inventory, and logistics on blockchain, deeming it as the “next big” opportunity.

“If you talk to any S&P 500 company and ask them, ‘Are you planning to use blockchain technology to manage inventory, provide logistics, contract management, et cetera, et cetera?’ They all say yes,” O’Leary, also known as “Mr Wonderful,” stated.

Why S&P 500 Adoption Matters

O’Leary said that the first chain to secure clients across all 11 S&P 500 sectors, including financials, information technology and energy, could be a “game changer.”

“Because the minute that occurs, you wanna go long that token,” he said. “So far, I haven’t found it yet.”

According to a Coinbase survey conducted last year, nearly six out of 10 Fortune 500 executives said that their companies are working on blockchain initiatives. Additionally, 20% of all executives surveyed said on-chain initiatives were a “key part” of their company’s strategy moving forward.

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O’Leary In It For The Long Haul

O’Leary has repeatedly emphasized owning the infrastructure that underpins cryptocurrencies. He has been a known investor in cryptocurrency infrastructure companies, including Circle Internet Group Inc. (NYSE:CRCL), Coinbase Global Inc. (NASDAQ:COIN), and Robinhood Markets Inc. (NASDAQ:HOOD).

O'Leary argues that owning Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH) alone is sufficient to capture 97.5% of the cryptocurrency market’s volatility and yield, describing the two as the true “gold standards” of cryptocurrency.

However, he makes a sharp distinction between Bitcoin and dollar-denominated stablecoins, stating that the latter derive their value from holdings of U.S. Treasuries or T-bills.

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Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

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