Watch CNBC's full interview with billionaire investor Jeff Vinik, who discusses markets, inflation and crypto

Veteran stock picker Jeff Vinik, owner of the Tampa Bay Lightning, joins CNBC's 'Squawk Box' to give his take on the markets and reaction to fears over the omicron Covid variant. Vinik explains why he thinks inflation up to 2.5% could actually be "very friendly" for the U.S. economy over the coming years and why he "leans positive" toward crypto.