I mean, I stil think we live in a rational world of fixed resources even if those resources are billionaire's market cap that's indistinguishable from NFTs.

Just watched a youtube where sethgreen crashes the entire NFT market because his got stolen for some TV show that was supposse to showcase the value of "owning" and NFT.

So like, in theory, sure, they can keep burning their NFTs. In practice though, it just takes a extremely likely black swan event.