I wonder if NFTs are instead facilitating wealth concealment, money laundering, or rich people are throwing money at it for sport rather than deliberate speculation. Or, is there so much irrational speculation occurring as a foreshadowing harbinger of another full Great Depression (rather than the under-recognized pandemic economic pause).
NFTs are mostly manipulated markets. No that picture of a bitcoin symbol did not sell copies to 300 people for $1000 each, netting them $300,000. It sold to the same person who made the picture 299 times and 1 person who got scammed into thinking there is a market for $1000 images on the internet, netting the owner $1000.
Well.. large segments of our populations commit very little crime. But when crime is committed, the police and the justice system are useless. Convicted for the 350th burglary? They'll be let out again and maybe be back tomorrow, if the prosecutor even bothers prosecuting them since it's pointless.
So DO look at us for crime prevention but NOT for managing crime when it happens.