Good question.
For starters, thankfully not everyone is. Some us sirvuved just fine, lil scuffed for sure, but with stavles to deploy. Thatβs key cause we put the bottom/reversal in, but itβs nothing, litterally, in the grand scheme of things.
The fun really starts when the mainstream articles come rolling in and maybe those ugly monkes at 50k ainβt not that dead no more. Or punks get over 100k again or Beeple sets a new record or a full 6529 set gets auctioned at Christieβs ( the horror ) for a milli.
These are all very realistic targets for this year if all goes half decent btw, in my humble opinion.
Thatβs when things kick into high gear. And we level up, and start to see people really pile in.
Some funds will allocate to βthe future of digital artβ on the back of a blowoff top in equities, as usual. Some celebs. More mainstream media coverage and fomo kicks in.
Pokemon and TCGβs and Mangas getting pilled by all these gacha/tcg on crypto rails will eventually spillover too. The counterfeit game and oversupply will be very obvious when the bubble pops, not now in euphoria. This will showcase the power of non fungible provably scarce unconterfaitable art. Even if you realistically convert like 5% of that target demographic and volume, the numbers are INSANE.
Thereβs like 100k digital collectibles with ANY value, if that. And dunno, 5k art pieces? Itβs NOTHING.
Also, this is the second NFT cycle starting now. The OG that survived, thatβs a different era and will forver be. 5 years is a longass time. What we have left here, with relevance, is you first edition Pokemons, your Alpha MTGβs.
So this time, if you survived, you just need to really feel where you stand in the cycle, and make sure to skim some off when Aoki and Paris Hilton and all the web3 grifters return this time, and people grind whitelists for a living again.
So this time youβll have enough to rebuy the bottom of this second bubble, and prepare for round 3 in 3030.
Question for you: where does the new liquidity come from? I feel like everyone is still broke