> Those returns were funded by other people's losses. This may be true depending on what (which cryptocurrency and what time frame) you’re talking about. But i

> Those returns were funded by other people's losses. This may be true depending on what (which cryptocurrency and what time frame) you’re talking about. But it can also be true for other cases that the returns were funded by easy money created by central banks that were deployed to chase higher returns (hence the stock market bubble and the cryptocurrency bubbles).