Kevin O’Leary says the future of crypto and AI lies in infrastructure, not tokens. He now controls about 26,000 acres of land to develop power-ready, permit-approved sites for bitcoin mining, AI, and cloud data centers, which he plans to lease rather than build himself. O’Leary argues that land, power contracts, and utilities are more valuable than digital assets, predicting that roughly half of the recently announced data centers will never be built due to a lack of real-world preparation.

He is increasingly skeptical of most crypto tokens, believing institutional investors only care about bitcoin and Ethereum. O’Leary says meaningful institutional adoption will depend on clearer U.S. regulation, especially rules that allow stablecoin accounts to offer yield. About 19% of his portfolio is now allocated to crypto-related assets, infrastructure, and land, and he believes regulatory clarity could unlock large-scale institutional investment into bitcoin.