Podcast Summary
Gary Vee's Bullish Outlook on NFTs and NBA Top Shot: Gary Vaynerchuk believes NFTs, particularly NBA Top Shot, will become as prevalent as social media in society within 12 years, despite past investment fads comparisons.
Gary Vaynerchuk, an entrepreneur, investor, motivational speaker, and wine connoisseur, expressed his strong belief in the longevity of NFTs, specifically in the NBA Top Shot platform, despite acknowledging the potential vulnerability of investments in this space being compared to past fads like Beanie Babies. He is bullish on NFTs and sees them becoming as prevalent as social media in society within the next 12 years. He also shared his thoughts on his potential investment in the New York Jets and his optimism towards the future of NFTs being replicated across various IPs, including WWE, Disney, Star Wars, Marvel, and DC.
The value of collectibles can be subjective and depend on various factors: Consider factors like athlete's current status, popularity, and potential for future growth before buying collectibles. Do research and remember collecting should be enjoyable.
While some collectibles, like the autographed Luka Doncic logo man card selling for $4.6 million, may seem incredibly valuable, their actual worth can be subjective and depend on various factors such as the athlete's current status, popularity, and potential for future growth. For instance, while Doncic is a promising basketball player, his value could still be affected by injuries or other uncertainties. On the other hand, a card of a proven baseball great like Mike Trout, selling for $3.9 million, might be slightly overpriced due to Trout's current status as one of the best players in the game, but his legend and value may continue to grow. Furthermore, the value of other collectibles, like a Taylor Twellman signed MLS card or a Trevor Scales PSA 10 card from Harvard, can be more reasonably priced based on their current market value and potential for future appreciation. Ultimately, it's important for collectors to do their research and consider various factors before making a purchase. And as always, it's essential to remember that collecting should be a fun and enjoyable hobby, not just an investment.
