An NFT Expert Has Said That The Majority Of NFT Projects Will Collapse Once Bitcoin Reaches $100,000
Analyst Mateen Soudagar predicts that most non-fungible token (NFT) projects will suffer a blow, and possibly collapse, if Bitcoin and ether exceed $100,000 and $10,000 respectively.
Soudgar estimates that 60–75% of NFT projects are scams today. Due to the demand being driven by speculators, many will begin to “freak out” once the prices of BTC and ETH soar.
“NFT projects where people were mostly in it [to] flip will probably take a…