> 3. Inflation. Instead of being a hedge on inflation, cryptocoins collapsed in the face of it. I don't disagree with the other points but... That one remains

> 3. Inflation. Instead of being a hedge on inflation, cryptocoins collapsed in the face of it. I don't disagree with the other points but... That one remains to be seen. Bitcoin was precisely created as a gigantic middle finger to the central bank's endless money printing to bail out the financial system. That's the message in the genesis block ("Chancellor on the brink of second bank bail out": it's as political as it gets). The early adopters, before the poker players (Bitcoin was used to facilitate players-to-players transfer on poker sites before Silkroad and drugs where I thing IIRC), were libertarians and anarchists fed up with the FED. This hasn't changed, so far. There are only going to ever be 21 million Bitcoin. Ethereum, at the moment, is deflationary (more ETHs are burned than created through proof-of-stake). You get, what, 5% on your USD: great. But real inflation is, say, 12%. So that's still 7% down. There's a price at which people are going to enter BTC and Ethereum with the promise that it won't be inflated to death. Many may not like it. "Inflation in the two digits, good!. Helicopter Ben: savior of the economy. Bank bail outs mutualizing losses: perfection by our beloved state!". But there are still people out there who see the value in something that cannot be printed at will. I'd say especially so when the FTX and Tether of this world, at times in bed with officials, are printing at will their worthless token and dumping them on retail with the blessing of the New York Times. > There are still inflation worries in the economy. Precisely. I'm certainly not keeping all my life savings in cryptocurrencies. I was all in cash after the war in Ukraine started and I'm certainly enjoying the firesales on many stocks right now (Stanley, Makita, ASML, Intel, 3M and a shitload of stocks I handpicked are totally on sale: it was time to sale when everybody was yelling "TINA" and the war in Ukraine started and it's time to buy now that everybody is yelling "falling knifes, it may fall another 90%"... Yeah, sure. If all the companies I handpicked are falling 90% more, I'll load up the truck and retire in a fancy yacht in a few years). But this entire USDT/FTX scam (with the blessing of the SEC and CFTC), these shitty tokens created out of SBF's farts (sorry but it's how it is) and these centralized exchanges makes me want to go bullish on BTC / ETH. I'm waiting for tether to go bust to go in bigger. Many hate it here: BTC may not be worth much but "your keys your coins" and as long as it's not totally outlawed, nobody is going to prevent me from storing BTC (mo matter their value) on a hardware wallet. And f--k fractional reserve banking, f--k bail-ins (Cyprus), f--k the vicious states stealing people's money (Spain, where banks offered crazy return rates to their customers then defaulted on the principal) and certainly f--k mutualized bank bailouts. I have zero confidence in USD / EUR. I have zero confidence in banks. I believe in stocks and, yes, in BTC and ETH on my own hardware wallet.