They’ll be fine. There’s another sucker born every minute (although, you know, declining birth rates).
No-one learned their lesson after 2018, so they aren’t about to start now.
People like easy money. If you tell them the truth, they’ll just accuse you of trying to trick them into staying poor.
It’s a can’t lose business model!
Sarcasm aside, the total return of Bitcoin since the peak in 2017 is now approaching 0% ($20k peak). I suspect that alone will do more to break the spirit of the twitter hype mafia than anything else.
Even after everything that has happened lately, regular old S&P 500 index funds are up about 65% in that same time.
The problem is that people have started to invest other people's money in crypto. Quebec, El Salvador, and probably a few private funds now hold crypto and crypto-related assets.
Then there are people who simply don't know better and were conned into throwing money at crypto.
No-one learned their lesson after 2018, so they aren’t about to start now.
People like easy money. If you tell them the truth, they’ll just accuse you of trying to trick them into staying poor.
It’s a can’t lose business model!
Sarcasm aside, the total return of Bitcoin since the peak in 2017 is now approaching 0% ($20k peak). I suspect that alone will do more to break the spirit of the twitter hype mafia than anything else.
Even after everything that has happened lately, regular old S&P 500 index funds are up about 65% in that same time.