NFT Market Is "Completely Manipulated"?

[bluegreen1352]

Former SEC Internet Enforcement Director, John Reed Stark, in his tweet, claimed that the NFT market is "completely manipulated." Stark criticized venture capitalists and Wall Street participants, alleging that they are getting rich by promoting NFTs, which promise decentralization, financial inclusion, and instant wealth. However, he asserts that many retail buyers ultimately suffer economic losses while these financiers profit from it. Stark's criticism extends to the entire cryptocurrency industry. He believes that cryptocurrency as an "investment" has failed due to the lack of regulation, transparency, consumer protection, insurance, licensing, and net capital requirements. So what do you think about this?

 

[BashirJasper]

Well, I feel the challenges facing the crypto industry is one that could make it come stronger if addressed squarely because beside regulation, I believe the industry has a lot of potentials to cater for a lot of people who do not have access to banking services and other financial tools. It also have the capacity to solve real-life problems