The most underrated play in Crypto right now is NFTs, or more specifically, digital art.
People have used art as a store of value for millennia. Now it exists in digital form and captures internet culture, a medium we’ve all grown up on.
Crypto never ceases to amaze me.
I have a regular follower on every platform who disagrees with almost everything I say.
He believes:
Bitcoin is going to zero.
XRP is going to $1 million per coin.
The Earth is flat.
I will never be swayed by the crowd. I’ll always make decisions based on what I can see.
NFTs outperform every other asset because they simply do more than any other asset.
They signal status better, they organise communities better, they’ve solved digital scarcity
NFTs beat every asset. Ever. For price appreciation. Social connection. Community. Signalling. Utility. Collectibility. And are the only thing that makes sense in Crypto.
NFT collectors are ignoring the biggest lesson from traditional art.
The top 500 contemporary artists, out of 47,000 tracked by Artprice, capture 85% of the entire contemporary art market.
Wealth concentrates around the very best.
My World Cup kit arrived today.
Something that often surprises people is that I play cricket during the summer here in the UK.
This year, I was selected to represent England Over-40s at the World Cup in Guyana.
Everyone keeps telling me NFTs are dead.
You’re asking me to ignore basic pattern recognition.
A Panini Messi NFT just sold for $150,000.
Panini, with its own bespoke blockchain, generated $29.7 million in sales volume over the last 90 days.
Get a real job?
The PTSD of sitting at my desk in that fishbowl, counting down the clock and wishing the day away, will stay with me forever.
If you’re in that same position right now, I hope you take the leap. For me, content was the answer.
This man is going viral.
He now seems to be getting exposed for some fairly significant gaps in his research. That can happen to the best of us, except he’s become one of the most prominent voices on the internet.
Many of you searching for outsized returns in Crypto and NFTs are trying to do it on your own.
When you’re part of a community of smart people sharing ideas, you get to ride the coattails of the wisdom of the crowd.
Ideas get challenged.
I stay impartial on politics. I only speak about it when I think it has a meaningful impact on crypto.
With the U.S. midterms coming up, one question I’m thinking about is this:
Do you think Trump winning the midterms would be bullish for crypto?
When you realise the entire crypto space is basically tokenised attention, everything starts to click. NFTs, because of the art layer and built-in scarcity, have an even more amplified effect. They win the attention game while also having the added utility of built-in friendship
The timeline is completely misreading NFTs.
There’s a freight train coming.
Panini just did $21.2 Million in NFT sales in the last 90 days. That’s double where they were the 90 days before.
383,181 transactions, about 100,000 transactions up.