Things don’t need a coherent reason to be thought valuable like “feeling special” they can be thought of as valuable just because everyone else thinks of them t

Things don’t need a coherent reason to be thought valuable like “feeling special” they can be thought of as valuable just because everyone else thinks of them that way. The problem is that a sudden lack of confidence causes valuable things without backing to collapse in value. Tulips and every other bubble that collapsed ever. That we’re seeing NFTs trading well isn’t an indication that it’s the art behind them that matters rather than the popular view of it as an asset.