CCryptocurrency

Andrei Jikh has the Most Bullish Case for NFTs on the Internet Right Now

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.

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.

I started Stoked Wallet in 2021 to spread financial education.

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CCryptocurrency

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