April 18, 2022

NFT Mania About To Burst Warns Financial Guru

The author of The Black Swan, Nassim Nicholas Taleb, talks about the NFT reaching its breaking point.

The bubble begins to burst.

"All you need is higher interest rates for things that make no sense to start making no sense."

Nicholas predicted the 2007–2008 financial crisis. And at present, he talks about NFT hitting rock bottom.

Jack Dorsey’s first tweet, sold as an NFT for $2.9 million, is now worth $14,000.

The founder of Binanace, CZ, supported Nicholas, referring to 2021 NFT sales worth $69 million. In a recent interview with Fortune, he stated that people have lost their minds.

Beeple had a similar viewpoint and was concerned that NFT art was in Bubble.

What will happen to those NFTs worth more than a million dollars?