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18 sats \ 0 replies \ @SimpleStacker 17h \ on: I'm on Supply Shock, talking hopelessly outdated news! podcasts
Has bitcoin become boring? My hypothesis: normies are accustomed to financial assets that help others get rich, but they don't participate because they think they don't understand it and will get rekt. Then bitcoin/crypto comes along and they see a bunch of people who look like normies, with no financial background, getting rich, and they think, "Maybe I can do this too." Then everyone piles in, gets rekt, and once again bitcoin/crypto is an exotic financial asset that normies ignore.