The Rolex Effect on Cryptocurrency Prices

I think one of the things that people outside of the digital assets base have been most skeptical of has been NFTs. They're less liquid and they're also deemed to be kind of trophy assets. One is when there's less liquidity in the overall crypto market, NFTs get hit. The other part is unless people are making money, they don't buy trophy assets. When they start making money again, they want to buy a punk PFP or a FEDENZER or some piece of art to show a to reward themselves. So that process is as true in the economy as in N FTs.