At this moment, Bitcoin is trading at $40,046.80 per coin, down from $56,423 a month ago.
Years ago, Joseph Kennedy (father of JFK) reputedly said that he knew it was time to sell his stock portfolio when the shoeshine guy starts asking for trading tips.
So, now, a harbinger: a Brooklyn film artist has sold a Non-Fungible Token, which is a piece of art located the blockchain, for $85.
Not remarkable, you say, when the guy going by the monicker Beeple sold his artwork for $69 million.
But, Mr. Ramírez-Mallis, the artist in question, got paid for selling, per the NY Post (where I get all my news ;>) ) “a year’s worth of fart audio clips recorded in quarantine.”
Many assets are volatile, and remember that cryptocurrencies are relatively young and are just starting to get institutional and government acceptance. So, don’t put too much into this.
Twenty years from now it’s possible that all currency will be crypto-ized.
https://nypost.com/2021/03/18/nyc-man-sells-fart-for-85-cashing-in-on-nft-craze/
Source: https://jeffkoeppel.wordpress.com/2021/05/20/know-when-to-fold-em/
