Matty O me-retweet

bieber almost certainly didn't make this purchase decision alone. there was a manager, a crypto advisor, probably a paid promoter who told him this was a smart move. the celebrity NFT pipeline in 2021-2022 was structured specifically to use famous buyers as exit liquidity for early holders. bieber paid $1.3M, the seller walked away with $1.3M, and the "asset" immediately began its journey to $12K.
he wasn't collecting art. he was providing a cash out for someone who needed a famous buyer to validate the price
English































