Right now the state of the market seems undecided, but it’s not. Over the last few weeks, I thought that my thesis on P2E coins and NFTs were wrong. Originally I had stated that both are in bull markets, and a savvy investor should be accumulating stuff in both of these sectors.
Since the nuke we experience a few weeks ago, I thought my thesis’ were invalidated. It seemed to me that 99% of NFTs were too risky to hold, and small-mid cap P2E coins would likely die temporarily. So after some thought, I stipulated that the best thing to do was to exit all markets into ETH, and hold blue chip NFTs/ P2E coins until kingdom come. I was right, but not entirely.
This last week we’ve seen ETH and AXS pump super hard. But a major oversight on my end has been underestimating demand for NFTs. It’s very clear to me now. People fuckin’ love art. Pure irrational attachment. Almost doesn’t make sense. It shouldn’t make sense. But in a weird way, I understand now. NFTs are not going away. They’re re-defining the length of a typical bull market. The only thing you need to keep track of, is the chain in which the NFT bull market will continue.
Besides ETH chain, many people are hyping Solana art. But I’m not here to tell you Solana is the future of France. In my opinion, NFT layer 2 solutions like Shoyu and Immutable X will eventually run the show on ETH chain. But the real alpha that I’m starting to see some CT influencers talk about is Tezos. If you’ve been following me for the last two months, you know I’ve mentioned this already. But now is the time to start accumulating before the herd. This is your final warning. Tezos NFTs are the future of France. Thank me later friends.
-Scared Money