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Tbh I think the same with as with a lot of asset classes. There is more wealth than ever before and not enough traditional investment vehicles for it (eg gold) so people have looked to other items of scarcity, which are relatively easy to purchase, store etc. and also use to avoid paying taxes. (See farmland/woodland also)
It’s one of the reasons that NFTs have kind of gone crazy (but also more money launderyesque stuff too). My guess is that with them no longer making the 5711 and it already holding cult status and being scarce, this has just kicked things up a notch.
This. I personally believe this is a major driving factor
ChainBreaker
Tbh I think the same with as with a lot of asset classes. There is more wealth than ever before and not enough traditional investment vehicles for it (eg gold) so people have looked to other items of scarcity, which are relatively easy to purchase, store etc. and also use to avoid paying taxes. (See farmland/woodland also)
It’s one of the reasons that NFTs have kind of gone crazy (but also more money launderyesque stuff too). My guess is that with them no longer making the 5711 and it already holding cult status and being scarce, this has just kicked things up a notch.