So you mean someone would have $69,346,250 and instead of buying $BTC ,$BNB , or $SOL they will use it and pay for a jpeg, well if you doubt this, grab a drink and read this
๐ธ The picture you see here is an NFT and it was sold for over $60,000,000 and it was created by Mike Winkelmann aka Beeple a digital artist
๐ญ The NFT you see here was bought by Vignesh Sundaresan in March 2021 and later Vignesh Sundaresan in an interview told Bloomberg he would be happy if everyone downloaded a copy of the NFT he bought for over $60,000,000
๐จ By the way, Vignesh Sundaresan is a crypto investor who cofounded Bitcoin ATM company BitAccess According to a blog post on Bussiness Insider it says
In April, Sundaresan said investing in NFTs is "even crazier than investing in crypto" and said the asset class wouldn't hold the hype forever.
๐ผ๏ธ Instead, he said high-value items would be limited with an infinite number of low-value items โ
What would be the current value of this NFT?
This NFT was purchased in 2021, and back then
Solana was trading around $28
It would have probably been a better investment if he had bought Solana with the $69M back then Solana was trading at $28
What has happened has happened regardless, we win some and we lose some