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The average uninformed retail investor is obviously going to be drawn to investments which are seemingly obvious, making their friends rich and which have low b
by kypro 5y ago
The average uninformed retail investor is obviously going to be drawn to investments which are seemingly obvious, making their friends rich and which have low barriers to entry.
What will eventually happen is that the market will run out of greater fools and the obviousness of Crypto as an investment in the future of finance will be brought into question.
At this point the userbase of Crypto will shift from speculators to genuine users and its real value will be better understood as individuals and companies focus on useful products and services rather than pumping meme coins to uninformed investors.
This imo is a classic bubble. I've been saying this for years though and will likely continue saying it for a few more years yet. But I have little doubt that in the long-term that what we're seeing in the Crypto space is unsustainable.