this post was submitted on 06 Mar 2026
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Terrible investment. That was probably like 2 months of his income.
His annual income is estimated at around $20 Million, so it was probably less.
Also you can write realized losses off of your taxes.
Or it wasn't. Very possible he was simply gifted the NFT and lied about the price.
A bunch of the early 20s NFT sales were wash sales