Three letters for you to consider: FTX. Billions in investments wiped out in a day or two.But please, tell me again about how NFTs are a $25 billion market.
The fact that there's a lot of money being invested in something doesn't necessarily mean that the investment is legitimate. It could be an indicator that the investors aren't sophisticated enough to know they're being conned. The value of an NFT is whatever the next fool is willing to pay for it. Eventually, you run out of fools and the whole thing collapses; you don't want to be the one standing there without a chair when the music stops. You're assuming that there will always be a buyer, but if no one is willing to buy it from you at any price, what is it worth?
Anyone who wants to give his or her money to a grifter like Donald Trump in exchange for the right to look at (but not touch) some really bad digital cartoon art is a fool.You may not agree, but if not, why haven't you bought some of them? It's a great investment, right? And Trump would never steer you wrong, would he?
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