DrJLT Economics: NFT, Value Destruction by VCs & Imminent Bubble Burst E008

The recent boom of NFTs (Non-Fungible Tokens) is a symptom that we are reaching the top of the “Everything Bubble”. In this episode, I discuss the history of NFTs, a business that I tried to build (@IdeaFex_com), and the current “value-appropriation” model of startups backed by billion-dollar VC funds. I argue that all the frenzy can be traced back to irresponsible monetary policies that encourage the destruction of value.

Quos Deus vult perdere, prius dementat

Episode on the Bitcoin Bubble: https://www.youtube.com/watch?v=sN07-UG_tvU
My Twitter: @DrJiulinTeng
My websites: https://drjlt.com, https://neofiliac.com