Kevin Hart Suffers Major Loss in Bored Ape Yachty Club NFT Investment
Kevin Hart is a wealthy and famous individual who can afford to make some risky purchases. In 2021, many people were jumping on the NFT bandwagon during the crypto bull run. NFTs created a sense of FOMO as people hoped to strike it rich with digital artwork tied to the Blockchain. However, the actual utility of owning these digital images was limited since not many people use the Blockchain.
After Bitcoin’s price dropped from $69,000 to $15,500 and NFTs also plummeted, recent crypto market movements have shown a resurgence with Bitcoin back up to $70,000. Some investors who were left holding worthless NFTs are now trying to recoup their losses. The hype surrounding NFTs has faded, with investors now focusing on AI, Depin, and Crypto Gaming.
Kevin Hart found himself wanting to sell his Bored Ape Yacht Club NFT, and ultimately, he was successful in doing so.
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