BBC has a great article:
https://www.bbc.com/news/technology-57273904And I think we are also hitting this peak stupid already.
Someone bought a virtual NFT handbag that they can do nothing with and it was more than the actual 2k bag in real life! I think like 4k something!
If you have the money to spend on these things - All for you, but I can not believe that they will hold value in 10 years or a 100. I may be wrong there but with evolving software and tech these will be out dated and may not even be comptabile and viewable in 20 years.
If you buying more than the physical object you have to be avoiding taxes or laundering money or some form of investment scam.
Cryptocurrency has hit rock bottom in terms of credibility in my eyes as well recently.
You can have one person tweet they support it one minute to buy cars, accept payments and then a few weeks later pull it. The same person or other people tweeting to inflate one crypto over another and so on.
Now the new thing is "Oh yeah, it is killing power" and a few countries are taking measures in that regard and new ones popping up that are "Echo friendly" to try to be the next big one.
SSD's are already going up in price because of the China one that uses SSD and hard drive space and not churning numbers.