What’s one word that will spook any investor in any market?
Bubble.
The word tends to stir up painful memories of the dot-com boom and bust of the late ‘90s, the financial crisis of 2008… and now, the NFT market.
The NFT market has exploded over the last year. Estimates of total NFT sales in 2021 vary from $25 billion to $41 billion — both a massive increase from 2020, when sales totaled more than $250 million. The market is overheated.
But just because there’s a market bubble right now, it doesn’t mean it’s not worth paying attention to. And it certainly doesn’t mean investors should dismiss NFTs.
In this episode of Crypto Insider, Vin Narayanan and Allison Brickell discuss the NFT bubble and what it means for investors.
Thanks for watching!