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Opinion: belief in NFT is inversely proportional to belief in bitcoin

Investors in the NFT market, focusing on long-term strategies for saving funds, should wait for the legislative regulation of the sphere. Denis Belkevich, co-founder of Fuelarts, chief editor of the project, expressed this opinion during the online conference ForkLog “NFT fever: tokenization of art”.

He noted that it is better for investors who choose long-term strategies to invest in platforms and marketplaces, rather than in certain tokens.

“It’s better to invest in NFT if you play short,” Belkevich said.

He emphasized that “there is no need to delude yourself” with the entry into the NFT market of large auction houses, such as Sotheby’s or Phillips. According to the expert, they do not necessarily believe in the prospects of a new sphere, but can thus simply increase the client base in order to sell art objects in the future.

Belkevich also stated that belief in NFT is inversely proportional to belief in bitcoin:

“When people want to preserve their assets, realizing that anything can happen to cryptocurrency, they invest in other digital assets besides the mainstream cryptocurrencies.”

Previously, ForkLog ranked the most expensive NFTs.

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Fidenge Pecold

My profession is a journalist, but my hobby for 8 years has been studying Forex investing and trading. During this time, I managed to gain extensive experience in investing and trading cryptocurrencies and double my capital in the Forex market. To be the author of this magazine, the site owners invited me to participate in one of the 2020 trading webinars, and I will try to reveal the most relevant crypto market news for you.

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