You get people spending not 20 or 30 bucks or a few hundred. Nope. Not even a few thousand but literally hundreds of thousands and millions of dollars on jpegs. Yes what you are witnessing are people buying jpegs. Yes joegs of a rock.... Let me repeat. People are paying hundreds of thousands of dollars for a jpeg of the rock.... People Are Shelling Out Six Figures for NFT Rocks https://gizmodo.com/people-are-shelling-out-six-figures-for-nft-rocks-1847508926
This is one example of someone shelling out $18,000 for a NFT of a blank wall.... called it, "invisible sculpture". (And then there is the one where somebody paid $120k for a banana duct-taped to a piece of cardboard. Imagine paying that kind of money for "art" which is perishable...) Of course if you got into BTC when it was going for pennies, you'd have the money to spend on stuff like that.
It's going to get worse.....here is an article about an individual selling pieces of his cryptopunk to other "investors " the cryptopunk goes public next month. Please try and understand the mentality of what us happening in this insane bubblicious market. https://cryptoslate.com/you-can-now-invest-in-cryptopunks-nfts-for-just-1/
Who cares about the Fed printing trillions and trillions of dollar$$$$$$? perhaps members from eliteinvestor.com will be fearful of that. Traders especially traders from elitetrader.com is not fearful as they focus on the charts and not the massive money printing machines. perhaps you should join eliteinvestor.com, or USmoneyprintingmachine.com and not elitetrader.com
NFTs are Nothing but a fad. People are trying to push the reality of what they believe is the future but all it really is, is the greater fools theory........