Crypto, Meme Stocks, NFTs: Strange Days for Markets

Written by Barry Investment Advisors | Jan 31, 2022 4:06:49 PM

The NFT market is brimming with odds and ends commanding absurd sale prices. So far in 2021, a series of digital drawings of cartoon apes sold for $24.4 million, and an assortment of drawings from digital artist Beeple sold for $69 million. Add in meme stocks like GameStop and AMC and the rapidly-expanding cryptocurrency sphere, and it all equals a very surreal year for capital markets. This Barron’s article explains why 2021 has been “the weirdest year in history” for investors and markets.