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This episode of “Bitcoin Bottom Line” covered one of the cryptocurrency ecosystem’s current hot topics: non-fungible tokens (NFTs). Hosts Steven McClurg and C.J. Wilson brought on Malibu artist and marketing associate at Valkyrie Annie Little to offer her perspective on the value of art.
Is value objective or subjective?
Little discussed the difference between traditional and digital art, and how the value of each is contingent upon specific variables. She addressed the high barrier of entry for traditional physical art, and how such pieces require external resources such as time, special instruments and materials, weight, the list goes on.
“You have to get to know the material on a personal level. It has to become your third hand,” Little explained.
Then Wilson expressed that, to him, this is where the value lies.
McClurg referenced “Bitcoin Bottom Line” episode six by sharing the value of investing in art as a hedge against inflation. He went on to introduce opportunities that come with owning a piece of art, noting that “a lot of wealthy individuals will diversify their portfolio by purchasing art.. It is not only an appreciating asset, but it can become an income-producing asset as well.”
Wilson shared how he finds it difficult to commit to purchasing other media of store value while he is so focused on bitcoin.
“You worry sometimes that putting one dollar in the wrong bucket will cost you four or five dollars down the road,” he said.
He went on to explain how Bitcoiners get criticized for being too “set in their ways,” since it’s the oldest cryptocurrency. However, he shared that “there is a success bias... if you have early success with
