9.3 million Americans They invested in NFTs in some form, but almost none of them managed to make much of an impact as a single investor. Recently, Andy Ta Kong invested in NFTs with an amount that made a huge splash in the cryptocurrency industry, a whopping $100,000. Dubbed ‘Crypto Whale’, Kong is a major investment in Bored Ape Yacht Club NFTs, and it appears to be just getting started.
Bored Ape Yacht Club, an NFT project backed by astonishingly big names like Gucci and Madonna, is pleased to announce the latest addition to this list: Kong. When the young investor and serial entrepreneur was asked about the reason for his $100,000 investment, he said, “There are trends, and then there are trends. Boring Monkeys NFTs are clear trend leaders, driving the NFT movement and revolutionizing the field. You can either embrace the revolution and stay on head or look back with regret. A winning strategy is to recognize value and play the long game.”
For the crypto community, the rule of thumb for new investors is to stick with tried and tested crypto projects. Whereas more experienced investors see it as their job to try to test new projects, and find a safer path for younger and new investors to take.
Currently, research on the NFT market estimates that almost every month $1.8 million was invested in NFT sales. Between 2020 and 2021, NFT market increased more than 20 times, which leaves no doubt in the minds of experts that NFTs are the future. Kong added, “Many enthusiastic investors have noticed the radical transformation that NFTs have brought about in the world. Across industries, from the arts to sports and beyond, blockchain entrepreneurs and investors are harnessing the power of NFTs.”
Top crypto investors have commented on Kong’s investment in BAYC. According to them, Kong is a man with a plan. If he invested more than $100,000, he’d definitely think about it. His strategic investments never fail to reap excellent returns.
However, despite BAYC being a popular choice for NFT investments, investing in NFTs or crypto is not a menial task. It can be difficult to discover new projects and take the first bold step to invest in them. In such a volatile market where the most experienced experts find it easier to give up than to keep investing, Kong continues to win hearts with his expertise, experience and accurate estimates that rarely go wrong.