Thread by @iamDCinvestor

so, #NFTs are in a "bubble"

but anything being priced properly for the first time based on a surge of new interest experiences bubbles

the question is how far will it go and how far would it crash

but IMO, many underestimate the degree to which "distribution" is occurring

👇

collections which used to be much more concentrated in the hands of speculators are ending up in the hands of long-term collectors

many buy just a couple of pieces to be a part of history, and won't sell at any price really

meanwhile, the potential collector-base is growing

👇

so far, it's literally been a few hundred to a few thousand nerds playing with this stuff

some are foundational collections in an emerging art form & ownership model

as usual, many will miss the big picture

i count on it, so i can accumulate quality for my collection

🖼💎✊

and yes, there will be quite a lot of garbage produced and pumped over the next year

but IMO, you'd be a fool to dismiss the entire space for that reason

there will be collections which i have no doubt will gain massive artistic (and likely financial) appreciation over time

icymi, i shared my thoughts on some of the collections i'm most excited about here:

https://twitter.com/iamDCinvestor/status/1360992818387447813?s=20