Ethereum’s price has doubled in the last month, and one of the reasons why is because NFTs have been recognized as one of the first killer apps for crypto that could go super mainstream in the coming years.
But now, ironically, everyone is asking the question – should I even be buying NFTs while Ethereum is so clearly on fire? Shouldn’t I just hold?
Buying NFTs and holding Ethereum have both been excellent strategies over the past year, but NFTs have cooled off a bit – hence the debate. There is a lot of optimism about Ethereum in the coming 12-24 months, but the longer you stretch that out the more risk there is from competing cryptocurrencies. Even if Ethereum does better than NFTs over the next year, I still recommend using some of your money to buy NFTs in order to build the skills and network that will score you BIG wins in the coming years when the NFT market is 100x what it is today. I go more into what this NFT wave will look like in the video, and how you can take advantage of it starting today.
Specifically I’m using a stock market strategy called “core and explore” which is when you put 70-80% of your money into a high quality holding (in crypto this would be bitcoin or ethereum) and use 20-30% to try out more experimental (and more fun) investments, which in this case would be NFTs. This gives you the best of both worlds, covers some of your downside while also giving you a long term advantage in the coming NFT markets.
Arthur Hayes’ post: https://blog.bitmex.com/yes-i-read-the-whitepaper/
0:00 Intro
1:05 Why is Ethereum on fire?
1:59 NFTs have also had a great year
2:42 Why Ethereum VS NFT is becoming a bigger deal
3:49 Ethereum price going forward
4:19 Watch if you’re drinking the ETH Kool-Aid
6:00 How NFTs will change everything
7:25 How to prepare for the NFT wave
8:52 The “core and explore” strategy
