Opinion: Belief in NFTs Is Inversely Proportional to Belief in Bitcoin

Investors in the NFT market, aiming for long-term capital preservation strategies, should await regulatory clarity for the sector. This view, expressed during ForkLog “NFT Fever: Tokenisation of Art”, by Denis Belkevich, co-founder of Fuelarts and editor-in-chief of Artinvestment.ru.

He noted that investors pursuing long-term strategies are better off investing in platforms and marketplaces, rather than in specific tokens.

“You are better off investing in NFTs if you are playing for the short term,” Belkevich said.

He cautioned against being dazzled by the entry of major auction houses into the NFT market, such as Sotheby’s or Phillips. According to the expert, they do not necessarily believe in the prospects of the new sector, and may simply be expanding their client base to later sell works of art.

Belkevich also stated that belief in NFT is inversely proportional to belief in Bitcoin:

“When people want to preserve their assets, understanding that anything can happen with cryptocurrency, they invest in other digital assets besides the major cryptocurrencies.”

ForkLog previously compiled a ranking of the most expensive NFTs.

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