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Diamond and NFT values drop 60 percent, Joe Consorti notes
Joe Consorti drew attention to parallel declines in both diamond and NFT asset values. According to his statement, if someone made a non-fungible token (NFT) representing their diamond, they would now hold two assets that have each experienced a 60 percent drop in value.
The commentary highlights the widespread downturn affecting both traditional and digital assets.
Consorti has previously commented on institutional moves in crypto markets. He noted that Morgan Stanley launched a Bitcoin ETF to target flows from its $6 trillion in assets under management. In a separate post, Consorti reported that Strategy acquired 5.7 times more Bitcoin than weekly issuance.
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