> Pray tell then, should retail workers buy bars of gold, or mansions? Sadly, retail workers are super hosed by inflation as they don’t have much to invest. Bu

> Pray tell then, should retail workers buy bars of gold, or mansions? Sadly, retail workers are super hosed by inflation as they don’t have much to invest. But if they did, they could just buy a commodity ETF. It’s been really funny to talk with friends who are “discovering” financial instruments through crypto like they don’t exist in the real world. Pretty much everything is available to the retail investor and is much easier to buy than crypto. So a wage worker is better off buying $50 of a vanguard fund than $50 in some shitcoin or etf. No one is 100% certain and I expect one crypto will make it because we need digital cash. But it shouldn’t increase in value and isn’t a good investment. Just like investing in dollars and putting them in your mattress is stupid, the winning currency will be stupid to hodl. Just like people do win the lottery, people will make money off crypto in the long run. But most people will not as there’s nothing of fundamental value. That commodity etf at its heart is concentrated orange juice, or something real that can be sold and people demand. There’s nothing at the heart of crypto.