Over the last week I’ve been on a shopping spree allocating some ETH to NFT’s. My highest conviction bet in this space is the original Gen Zero CryptoKitties from 2017/2018 for the following reasons.
CryptoKitties marked the height of the first NFT boom in late 2017, Apes perhaps captured the attention in the second 2021 boom. If I am right in my thesis that NFT’s are here to stay and will draw attention cyclically we might see another boom or two in the next decade. If that happens all marketplaces are priced in ETH and I would expect it to coincide with a wider crypto bull run. This creates huge potential for appreciation in US dollar terms as I’ve discussed here: https://jamesbachini.com/cryptokitties-investment-thesis/ I’ve also purchased some other NFT’s which I just liked from an aesthetic and tech perspective.
Bitcoin and the wider crypto markets are starting to move into the “We are so back” zone. Until it trades above $70k and makes a new all time high I think we are still in chop territory and will continue to be patient. I’ve spoken before about the summer lull in attention and trading volumes and this is continuing to play out. There’s a week left of summer to get your bids in and position the portfolio for what I hope will be renewed interest, new all time highs and bull market propaganda for the remainder of 2024. Social links are below and if you enjoyed this newsletter I would appreciate it if you could share this content |
Related Post:
- U.S. Cargo and Passenger Airlines Gained 511 Jobs in April 2024
- [Go Make Things] State-based UI is an anti-pattern
- Learn how transportation management and ATP have changed with SAP S/4HANA.
- April 2024 Freight Transportation Services Index (TSI) Down 1.1% from the Previous Month and Down 1.3% from the Same Month Last Year
- The State of Higher Education 2024
0 Komentar untuk "New NFT Investment Thesis"