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.
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.