I am afraid that might be entirely too true.
I own no NFTs.
The worst thing about them is not their volatility. It's their horrendous carbon footprint.
@Flyingsaucesir I occasionally talk to people who want to buy or have purchased bitcoin or the like. I work for a credit union in Member Service and my line is recorded. What I really want to say is "are you crazy?" But I have to be nice. I am fully convinced it is going to turn out to be a huge scam. However, I don't go down that road. People can do what they want with their own money. I invest much more prudently.
@HippieChick58 I think this week we have seen evidence that you are right; it IS a huge scam. It's a digital Ponzi scheme.