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NFTs: A bubble within a bubble?

A reader recently said to me: “I’ve invested the proceeds from the sale of our flat in NFT art. Now I’m scared at the prospects of telling my wife that in a few months’ from now, we should either be looking for a home in Southern France or a homeless shelter.” A bubble only looks and feels different if you’re standing on the outside jealous of missed opportunity and profits. Those on the inside see a different world – they’re benefitting from irrational, soaring markets. Or even better, they’re able to find a new bubble to inflate inside an existing one. The latest speculative bubble brought...

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