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<ul class="news-points"> 
 <li>Justin Bieber’s $1.31 million NFT investment suffers a steep decline.</li> 
 <li>The tweet about Bieber’s NFT loss generated intense discussions among crypto enthusiasts.</li> 
 <li>Some question the long-term viability of NFTs and potential money laundering.</li> 
</ul> 
A recent tweet by SAY CHEESE, a Twitter user based in the United States, has ignited a firestorm of discussions surrounding pop star Justin Bieber’s ill-fated purchase of a Bored Ape NFT. 
The tweet, which featured a screenshot of the purchased NFT alongside a somber picture of Bieber, revealed that the NFT, <a href="https://coinedition.com/nft-community-bids-justin-bieber-1-3-million-nft-for-only-55-eth/">once valued at $1.31 million</a>, has now depreciated 99% to a mere $59,090. 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
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 <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 Justin Bieber purchased this Bored Ape NFT in January 2022 for $1.31 million. Today, it's worth $59,090. <a href="https://t.co/SEtUy4TasA" target="_blank" rel="nofollow">pic.twitter.com/SEtUy4TasA</a>— SAY CHEESE! 
 <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f444.png" alt="👄" class="wp-smiley" style="height: 1em; max-height: 1em;">
 <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f9c0.png" alt="🧀" class="wp-smiley" style="height: 1em; max-height: 1em;"> (@SaycheeseDGTL) <a href="https://twitter.com/SaycheeseDGTL/status/1675910377211670539?ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">July 3, 2023</a>
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 <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
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</figure> 
Unsurprisingly, the post garnered an astonishing 1.5 million engagements, fueling speculation and debate among cryptocurrency enthusiasts. 
One NFT aficionado, who goes by the handle GutterANT.eth, chimed in, arguing that the current $59,090 would only hold true if Bieber were to sell the NFT. The user further emphasized that holding onto the asset in times of adversit…
The post <a rel="nofollow" href="https://coinedition.com/crypto-twitter-mocks-justin-biebers-nft-as-it-crashes-99-to-59k/">Crypto Twitter Mocks Justin Bieber’s NFT as It Crashes 99% To $59K</a> appeared first on <a rel="nofollow" href="https://coinedition.com">Coin Edition</a>.

Crypto Twitter Mocks Justin Bieber’s NFT as It Crashes 99% To $59K

Coin Edition

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