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.
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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?
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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.
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Replying to @INVESTMENTSHULK
Perhaps we could speak with Investment Bruce Banner?
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Replying to @choffstein
WE SHOULD DO A DEFI/CRYPTOREGS/NFT-SPACES AGAIN SOON. BRING IN THE BEST OF FIN AND DEGEN.
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Replying to @INVESTMENTSHULK
My last (first and only) spaces was a little overwhelming. I was alone on my birthday and didn’t want to drink alone, so I decide to try spaces and next thing I know it’s 500 people talking crypto.
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Replying to @choffstein @INVESTMENTSHULK
sounds like u need an alt for mutuals


1 reply 0 retweets 1 like
wen @horeycoffstein
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