Founded in 1993 by brothers Tom and David Gardner, The Motley Fool helps millions of people attain financial freedom through our website, podcasts, books, newspaper column, radio show, and premium investing services.
Founded in 1993 by brothers Tom and David Gardner, The Motley Fool helps millions of people attain financial freedom through our website, podcasts, books, newspaper column, radio show, and premium investing services.
You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Learn More
Cryptocurrency has always been a high-risk investment. In this video clip from “The Crypto Show” on Motley Fool Live, recorded on May 18, Fool.com contributors Travis Hoium and Jon Quast discuss how investing in NFTs is similar to buying internet stock in the 1990s.

Travis Hoium: That’s what I think is potentially disruptive about this market in something like NFTs. We try to make this clear all the time. This isn’t to say that everything is going to succeed. It’s not. This is investing in the internet in the ’90s, you might get Amazon (AMZN -2.52%) but you might also get Pets.com. But if you can try to find the groups, the projects that are building, I think there’s a lot of innovation going on today. So, that was some interesting numbers to have behind that.
Jon Quast: Well, and this is clearly the incentive structure that could drive this trend forward. If you’re comparing these numbers and this is the cap, so to speak on their ceiling on a YouTube Creators account or anything else for that matter, but then you look over at, we’re still in the early stages of NFT and the ceiling is much higher. There is the incentive for somebody to say I’m going this route versus the old route.
*Average returns of all recommendations since inception. Cost basis and return based on previous market day close.
Market-beating stocks from our award-winning service.
Calculated by average return of all stock recommendations since inception of the Stock Advisor service in February of 2002. Returns as of 06/05/2022.
Discounted offers are only available to new members. Stock Advisor list price is $199 per year.
Calculated by Time-Weighted Return since 2002. Volatility profiles based on trailing-three-year calculations of the standard deviation of service investment returns.

Invest better with The Motley Fool. Get stock recommendations, portfolio guidance, and more from The Motley Fool’s premium services.
Making the world smarter, happier, and richer.

Market data powered by Xignite.

source

Write A Comment