Four points I cover in this video:

1. NFT's are currently focused on the art market. And how the majority of art has ZERO value.

2. NFT's are also compared to the sports card market - i.e. baseball cards - which may be true. But the baseball card market has had 100+ years to grow and develop allowing for proper price discovery.

3. The NFT market feels a lot like the dot com bubble. Where the entire world knew this was going to be the next big thing. But it still took more than a decade to figure out who the winners were in the space. And the majority of companies went out of business during that process.

4. NFT's also have the same feel as the cryptocurrency market. Where a couple of coins hold the majority of the value, a few handfuls of others have some value, and 1,000's have little to zero value.

I am very excited about the possibilities and potentials of NFT's.

But I know a lot of people are jumping headfirst into the market thinking they are going to get rich.

It is my intention to tamper your passion for NFT's with an understanding of how similar markets over the last 30 years have behaved. And taking that understanding and apply it to the NFT market.

So be careful out there and know that any NFT that you purchase could lose all or most of its value.

#nft #nftbubble #nft's

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