But at this time there is to much crap being created and to many collections of just some dumb shit etc
Just too much of it especially for NFTs
I've been thinking about what could be next highly priced items
Maybe an Art of the first commercial transaction that made btc well known till today.... The Pizza BTC art could be made in a dynamic way
In the future more painting and more artwork from Bitcoin will certainly come up and people will spend reasonable amount of money in just having it for themselves. The other day, kylian Mbappé spent a whooping sum of £520,000 for a painting of king pele of Brazil.
https://www.getfootballnewsfrance.com/2024/kylian-mbappe-spends-e520000-on-a-painting-of-pele/As time goes on, people will always spend good amount of money for something they have passion for or can identify their passion with. You and I can actually put up a nice painting of Bitcoin logo that can be eye capturing with all the aesthetics, and we decide to auction it online for people to bid for it, don't be surprised we will see somebody that will be ready to spend a fortune just to get that piece of artwork in his house.
It’s obvious people get attracted to what they love and want but I don’t see myself spending a huge amount buying what’s not valuable or what will not yield profit within a long period of time. Let’s just say wealthy people will buy without looking at the price tag or the value but we should not expect everyone to do same like buying a low value stuff with a huge amount of money.
Some people buy things without the aim of making profit from them; they just want to help those things gain adoption and also have value or gain more value. For instance, the person who bought the "buy bitcoin sign" for 1 million dollars has helped bitcoin gain adoption. For instance, when you see the news that someone bought a "buy bitcoin sign" for 1 million dollars, you will want to know the reason why someone used such a large amount of money to buy the "buy bitcoin sign." In the process of your research, you find out the problems bitcoin will solve in the world, and you will not want to be left out. Before you know it, you will start making plans to accumulate bitcoin. Some people also buy things that will not give them profit or have no value just to appreciate the creators of those things.
Yea, but I am sure that before people buy things they have visualize the future of the particular stuff they are purchasing to ascertain the possible value of such item, what I believe is that rich individuals always have a means of adding value to things, remember the Bitcoin whales are not the only people investing in Bitcoin but just because there presence is felt based on the quantity of Bitcoin the have in their possession, in the world today many rich people know that Bitcoin has dominated the digital market and I believe the purchase of the paper sign was for diversification, hence we know that speculation and some strong moves are the major factors that triggers investment may that's the reason for this kind of purchase, in conclusion, lets not be bothered about the money used to purchase this sign, our major concern should be the motive behind it.
Sometimes most rich men do things or buy expensive asset to oppress the poor ones, most of the them buy for the future for instance a land bought $1000 can amount to $10000 in time coming, sometimes time they buy things at high cost for fun. The way a rich man will invest in Bitcoin is not same way a poor man will invest a rich man can decide to invest aggressively, accumulating enough Bitcoin not minding the present price even if it very high because they have other source of income that will help them not to sell out there Bitcoin hodling until it got to a centre price they will want it to get to in order to make enough profit from there Bitcoin investment.
I don't think there is any form of oppression against anyone when a rich man acquires what he or she want with a high amount of money without considering the value of such commodity, what we should know is this, rich people knows how to manipulate the market, they also know how to add value to potential assets, they Believe that if a less valuable commodity is been purchased with a huge amount of money, people will want to know why such move was taken by the individual involved and as so doing attention will be dragged to such asset, it is as simple as that, in the aspect of Bitcoin a rich or wealthy investor believe that the higher you go, the higher your potential profit in the long run, don't also forget that whales are responsible for consistent influx of investor in Bitcoin, the amount of Bitcoin they are hodling m gives people the hope and the courage to believe that Bitcoin is a reliable and trusted asset.
