5. TINA's revenge. Years of anemic interest rates have forced more and more money into the stock market, real estate, and crypto. This made some investors ve

5. TINA's revenge. Years of anemic interest rates have forced more and more money into the stock market, real estate, and crypto. This made some investors very wealthy, but also very aware they're sitting on a bubble. How do you shield your gains when every traditional asset is either losing to inflation or looks like a bubble? You start reaching out for non-traditional assets. NFTs have some marketable aspects for someone looking for an alternative investment vehicle. They're self-contained and require no real ongoing costs to just hold and flip later (compared with, say, opening a McDonald's franchise). They're also fresh and new with the promise of getting in on the ground floor of future exponential growth (as opposed to, say, buying an existing Van Gogh or a bag full of Krugerrands). Now, in no way does this make them not bullshit (what ownership is actually conveyed? Do you now even own the copyright on the work, so you could monetize it later?) but that might be why it looks briefly compelling.