>>14643409Crypto has way too much intermingling of Monopoly money with real money. Think of the housing bubble, dotcom bubble, or 1929 bubble.
You have items of theoretical value being traded, but not used for the purpose of which they derive their theoretical value (for crypto, that would be as a fully liquid currency). The thing is overblown and will crash hard. All of them.
Maybe bitcoin will remain (at like $2k/coin) in the first world, then communist shitholes will have a small handful that get used periodically since the government banned currency, but a currency of some sort is useful.
I cannot walk into a sandwich shop and get a sandwich with bitcoin; I have to liquidate it into US currency then use the US currency. If crypto isn’t being used as the currency, it’s uselessly inflated.
