In the past few years we've seen ample evidence that crypto is largely a complete scam, and likewise strong evidence that none of crypto's hoped for value will come to fruition (we didn't see it useful for fighting inflation, it's not being used to avoid sanctions, it certainly isn't being used as a currency, etc).
The fact that crypto still has any market value, and that companies like coinbase not only exist but have had a stellar year defies the imagination.
I get a few years back when there was still a lot of speculation/optimism, but clearly today everyone see that it is just a con. Today even my most cynical view of markets seems naive.
In the past few years we've seen ample evidence that crypto is largely a complete scam, and likewise strong evidence that none of crypto's hoped for value will come to fruition (we didn't see it useful for fighting inflation, it's not being used to avoid sanctions, it certainly isn't being used as a currency, etc).
The fact that crypto still has any market value, and that companies like coinbase not only exist but have had a stellar year defies the imagination.
I get a few years back when there was still a lot of speculation/optimism, but clearly today everyone see that it is just a con. Today even my most cynical view of markets seems naive.