Скачать или смотреть Justin Beiber bought Bored Ape NFT for $1.3 Million In January and now it's worth only $40,000

In January 2022, Bieber purchased a Bored Ape Yacht Club (BAYC) NFT for a staggering $1.3 million. The BAYC collection, featuring cartoon ape avatars, had gained immense popularity at the time, and Bieber's purchase further fueled the hype surrounding these digital assets.

Initially, Bieber's investment seemed to be a wise one. The value of his BAYC NFT increased significantly, and he appeared to be riding the wave of the NFT boom. However, the NFT market is highly volatile, and the fortunes of individual NFTs can change rapidly.

As the NFT market began to cool down in 2023, the value of Bieber's BAYC NFT also started to decline. By the end of the year, its value had plummeted to less than $100,000. This sharp drop in price was a significant blow to Bieber's investment and served as a reminder of the risks associated with the NFT market.

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