That might all well be true, but how do you explain its popularity? Someone should do a sociological analysis of the rise of cryptocurrency. Each generation pic

That might all well be true, but how do you explain its popularity? Someone should do a sociological analysis of the rise of cryptocurrency. Each generation picks its bubbles, for social signaling and competition. For millenials and the like, expensive houses and expensive cars etc (the old world's bubbles) are useless, and they re just baiting us to sustain them. We are increasingly aware of how pensions and social security are also unsustainable bubbles (at least here in yurop). So we bubble up the things that cater to new lifestyles, the phones, the airbnbs, some possibly unsustainable but cool bubbles like tesla. But if we really don't want to cater to the old plutocracy, we bubble up imaginary coins and thin air promises like NFTs. Why? because it's ours , not theirs and it's visibly possible that our bubbles will cause their bubbles to deflate , and we ll be free of the leashes that 90genarians are holding on the economy. So , as a signaling and generational wealth vehicle cryptocurrency can and will work, because it s a tool, and it doesnt matter if it's imperfect.