I don’t understand a lot of these pieces. But I’ve also experienced tremendous emotion over something that I try to share with others who give the same kind of “uhh what?” response. So I accept that I’m probably not the audience.

That being said I think there’s probably a few things that happen sometimes:

1. Money laundering

2. Rich people buying status

3. Rich people figuring out what exactly to do with their money

4. like crypto and other things, it has value because a community has decided it has value. It doesn’t have to make any sense. It’s self-fulfilling.