Bid an obscene amount of money on NFTs, then sell them because pretty much no cryptobro questions why they’re actually that expensive. I mean, look at the damn pictures of the monkeys. Why would something so hidious be worth so much.
But that’s not really money laundering, more like value inflating. On top of that you need someone else to buy your overpriced NFT and I’m not sure I can envision a crypto billionaire buying an ape picture at 15 million $ when the previous owner bought it for 7.
I definitely see the bubble though, and people hoping that by buying at 15 million they’ll be able to resell at 25 million.
Bid an obscene amount of money on NFTs, then sell them because pretty much no cryptobro questions why they’re actually that expensive. I mean, look at the damn pictures of the monkeys. Why would something so hidious be worth so much.
But that’s not really money laundering, more like value inflating. On top of that you need someone else to buy your overpriced NFT and I’m not sure I can envision a crypto billionaire buying an ape picture at 15 million $ when the previous owner bought it for 7.
I definitely see the bubble though, and people hoping that by buying at 15 million they’ll be able to resell at 25 million.