8th April 2022 > > dV Gems.

tl;dr

NFTs are being touted as a new investment class.

Market Snap (at time of writing)

Market Wrap

Today is options expiry day again. At any price below $46k buyers of puts are in the money, whilst call buyers must see a price above $47k to be in the black. One might expect selling pressure to subside a little after today.

Curious Cryptos’ Commentary – dV Gems

deVere Group is an asset management company with 12bn AUM (assets under management), a mere tiddler next to the likes of BlackRock with close to 10 TRILLION AUM. Let’s look at that graphical representation of a trillion dollars once more, just for fun:

http://www.pagetutor.com/trillion/index.html

The US has around 30 TRILLION dollars of debt, a mind boggling sum of money which can never be repaid. This is a nice website if you are interested in some of the details about the money owed to the world by the US:

https://www.usdebtclock.org/

If the dollar ever lost its status as the world’s reserve currency – as some crypto enthusiasts predict – the world will be made bankrupt whilst every pension fund and every insurance fund would collapse.

Be careful what you wish for.

But that isn’t strictly – or in fact at all – relevant to today’s topic.

…

deVere Group have announced the launch of dV Gems, an NFT platform.

I can do no better than a lengthy quote from James Green, CEO of deVere Group:

“NFTs – the hottest new asset class - are often wrongly seen as the niche domain of young, tech gurus in Silicon Valley, hipster artists, and on-trend social media influencers.

“But the decision taken by the (UK) Treasury to get a clunky, old institution such as the Royal Mint involved in the digital asset space underscores how the market is much more than a niche, fad or bubble.

“It highlights that NFTs are on the cusp of becoming a mainstream investment opportunity and, as such, is evidence that investors should now be considering including them into their portfolios.”

He continues: “These digital assets are immutable and exchangeable, offering a store of value and potentially decent source returns. They shouldn’t be ignored by those wanting to seek to build their wealth by future-proofing their portfolios.

“Uniquely positioned to help investors see value and opportunity in a digital financial era, dV Gems will provide immediate access to the decade's hottest emerging asset class - an asset class that will become a standard feature of investment portfolios within a few years.”

He added: “This platform will help clients and prospective clients spot the winners of the future. We’ll guide you to understand the new market and why we believe NFTs have a massive part to play in the future of financial investing.

“Even the Royal Mint, an institution founded in 886 AD, knows that NFTs are coming into the mainstream. And so should investors.

“These digital assets deserve proper consideration as a serious opportunity as they begin to reshape the investment landscape.”

…

My personal NFT collection is still in single digits, but that is a situation I am hastily rectifying (NOT investment advice).