> Crypto critics need to reconcile these two conflicting ideas: “I’m not stupid” and “I missed out on 100x gains.” A crypto downturn provides them with a cathar

> Crypto critics need to reconcile these two conflicting ideas: “I’m not stupid” and “I missed out on 100x gains.” A crypto downturn provides them with a cathartic opportunity to brag “I told you so.” Those ideas are not conflicting ideas. If my friend takes his life savings, goes to Vegas, and bets it all on black: he can double his money and still be dumber than me. Crypto critics just got sick of people buying lottery tickets all day and telling everyone else how great of an investment lottery tickets are because they won one time.