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Fads, Manias and Asset Bubbles


NFTs don't make sense, but neither does Bitcoin
https://www.cnet.com/news/nfts-dont-make-sense-but-neither-does-bitcoin/
“NFTs, like cryptocurrency, are all about speculation. Just like people buy a useless cryptocurrency for $50,000 strictly for the purpose of selling it at $100,000, people will buy an NFT of Homer Simpson meshed with Pepe the Frog for $38,000 just because they think they can sell it later for more”.

From Crypto Art to Trading Cards, Investment Manias Abound
https://www.nytimes.com/2021/03/13/technology/crypto-art-NFTs-trading-cards-investment-manias.html
 
How non-fungible tokens became the latest tech speculation bubble
https://www.theguardian.com/technology/2021/mar/13/how-non-fungible-tokens-became-the-latest-tech-speculation-bubble
 
Why would anyone buy crypto art – let alone spend millions on what’s essentially a link to a JPEG file?
https://theconversation.com/why-would-anyone-buy-crypto-art-let-alone-spend-millions-on-whats-essentially-a-link-to-a-jpeg-file-157115 

NFTs, the digital bits of anything that sell for millions of dollars, explained
https://www.vox.com/the-goods/22313936/non-fungible-tokens-crypto-explained 

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