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Rolex prices plummeted after “crypto winter” led to more supply on the resell market.
“At the peak of cryptocurrency’s hype, many celebrated buying a Rolex. But ever since the market’s collapse, crypto bros aren’t investing in luxury timepieces like they used to. According to a report from watch trading platform Chrono24, the supply of trophy watches “is now much larger,” and has significantly impacted the price of models from brands including Rolex and Patek Philippe. As “crypto winter” sets in and the market scrambles to recover its losses, luxury timepieces are the last thing on investors’ minds. The retreat of new buyers is...
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INN caught up with cryptocurrency investment expert Dan Hoover to review the current landscape and where the market may be heading. The cryptocurrency investment marketplace has gone through severa...