Dexerto revealed in a tweet that global pop superstar Justin Bieber's $1.3 million investment in BAYC NFT had depreciated to $59,000; meaning he has lost about $1.2 million.
  • lemming-TLDR-bot@reddthat.comB
    2·
    2 years ago

    tldr

    • Justin Bieber invested $1.3M into NFTs
    • Investments depreciated by over 95%
    • Losses occurred within short period of time (less than two weeks)
    • Demonstrates potential risks associated with volatile nature of cryptocurrency markets
    • Raises questions about celebrity endorsements impact on investor decisions.