Andrei takes us back to 1899 where economist Thorstein Bunde Veblen published a theory of conspicuous consumption. In it he detailed the Veblen good, not to be confused with the Giffen good, which is a luxury item where as demand for the good increases the price increases to serve as a status symbol to others. He then explains why previous Veblen goods have fallen out of favor and how the NFT has become the ultimate status symbol.
He spent WHAT on a picture!?
He then details his best investments in this space. Well worth a watch in my opinion.
