I think you will find with most exclusive clubs there are a few types that join but the more common are the ones who have so much money that the cost is immaterial and those who wish access to those people. For the latter they are not paying 5 figures to play golf, they are paying 5 figures to make deals while they happen to be playing golf.
Exactly. It is the same dynamic with BAYC or similar NFTs. If I want to digitally rub elbows with some hot shot VC or CTO of a tech company, it's an easy way in. And for the ETH early adopter with cost-basis of ~$10 - it's play money.
