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The tweet seems to be trying to lump the loss of value in crypto to an overall downturn that can’t be blamed on crypto alone. It’s false. Collectibles like tra
by philistine 4y ago
The tweet seems to be trying to lump the loss of value in crypto to an overall downturn that can’t be blamed on crypto alone.
It’s false. Collectibles like trading cards are not like the stock market; they are ultimately propped up by hobbyists. If you don’t have any hobbyists to buy them, the price ultimately tanks. Look at Elvis paraphernalia as an example. All the Elvis fans died, and now Elvis merchandise is near worthless, and cannot be used as an investment vehicle.
Or are you saying that NFTs and crypto are like trading cards: just a hobby waiting to have its hobbyists lose interest?