Here's your seemingly month reminder that there is only one cryptocurrency. Bitcoin.
NFTs are epitome of tulip mania. Bitcoin, while it does increase in value due to low supply, is the only secure and actually fair escape hatch to the global monetary system and holds value globally. Proof of Stake, and every single coin below Bitcoin, copied from Bitcoin, are similar to fiat and centralized. Ethereum is the worst of the bunch and is scamming millions.
Anybody can buy BTC with stablecoins, which are unaudited, and whose creators have openly lied about maintaining a 1:1 ratio between USD and stablecoins in circulation.
Say what you will about fiat, but no bank in the world will let me exchange monopoly money for something I can use to buy a sandwich.
Let's accept your premise for the sake of argument.
Why do you thinik the contagion from other crypto scams imploding won't bring down BTC? Will people still trust BTC if they lose trust in other crypto?
NFTs are epitome of tulip mania. Bitcoin, while it does increase in value due to low supply, is the only secure and actually fair escape hatch to the global monetary system and holds value globally. Proof of Stake, and every single coin below Bitcoin, copied from Bitcoin, are similar to fiat and centralized. Ethereum is the worst of the bunch and is scamming millions.