My theory. The demand for NFTs isn’t coming from fiat native; it’s coming from crypto native. Money is trapped on-chain right now. Crypto billionaires can’t get it off, even if they wanted to. Hence, a wedge.https://twitter.com/MidwitMilhouse/status/1453014710811381761 …
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Replying to @choffstein
THERE IS DEF SOME ELEMENT OF THAT GOING ON, BUT A VERY LARGE CHUNK OF THE LARGEST BUYERS ON THE HIGH END ARE NOT CRYPTO NATIVE.
1 reply 0 retweets 8 likes -
Replying to @INVESTMENTSHULK
Yes, I didn’t mean demand is *only* coming from crypto native. I should’ve been more clear on that. I just think, relatively, it is. But I could be wrong. Just speculation. Any theories on your side?
1 reply 0 retweets 2 likes -
Replying to @choffstein
DEMAND COMING FROM DIFFERENT PLACES. DIFFERENT SEGMENTS HAVE DIFFERENT DEMOGRAPHICS. KEEP IN MIND OVERALL MARKETCAP OF THE NFT SPACE IS STILL RELATIVELY SMALL EVEN VS SOME SHITCOINS AND SIZE OF TRAD ART SPACE. DETAILS TOUGH IN ALL CAPS.
2 replies 0 retweets 10 likes
Don’t pull back the curtain, hulk.
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