Today, you can buy just about anything.
I remember interviewing the owner of a 1965 Corvette Stingray that had been in his family since it rolled off the Chevrolet assembly line.
After hearing the engine purr (which sounded awesome, by the way), staring at its cherry red exterior and listening to the owner walk me through every detail of its beauty, I asked one question:
Would you sell it?
His response resonated with me: Anything is for sale … for a price.
That statement is truer now than it was during that interview 10 years ago.
A lesser-known asset that has garnered a lot of market hype lately: non-fungible tokens, or NFTs.
NFTs are unique digital “assets” that use blockchain technology to set one asset apart from any other.
More importantly, once an NFT is created on blockchain, it cannot be replicated. Each NFT is one-of-a-kind.
You might liken an NFT to an autographed Cal Ripken Jr. rookie card — or a classic Corvette Stingray with a unique paint job.
In this episode of The Bull & The Bear, I dive into NFTs and tell you whether NFTs make for good investments.
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