I find the logic a bit strained,
get a loan -> buy NFT -> sell NFT cycle was sustained by 1000% rises in the NFT prices, not by the 0% interest rates of the loans.
Hence my incredulity towards the claim that 0% interest caused the NFT boom.
get a loan -> buy NFT -> sell NFT cycle was sustained by 1000% rises in the NFT prices, not by the 0% interest rates of the loans.
Hence my incredulity towards the claim that 0% interest caused the NFT boom.
Lower loan rates increase the number of people who both are willing to risk taking out a loan to buy something on FOMO grounds, and who are offered the opportunity to take out a loan in the first place.
Lower loan rates also allow easy access to the money needed for wash trades and the like that allowed NFT (and cryptocurrency) market manipulation.