The popstar shelled out almost $1.3 million for a teary-eyed NFT in January 2022. Less than two years later, it has lost more than 95% of its perceived value.
As of writing, BAYC’s #3001 is specifically worth ~$56,293, based on the most recent best offer— that’s greater than a 95% value loss in less than 18 months. Which is, honestly, an incredibly inefficient way to burn money. If Bieber wanted to offload currency so badly, he could’ve just set one million dollars on fire in the comfort and privacy of his own mansion.
Granted, it’s quite possible Bieber, and every other celebrity NFT investor, didn’t spend a dime of their own funds on their ape cartoons. The singer may have been “gifted” his Ape through a convoluted
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