I have seen some very smart acquaintances start talking about how bitcoin will replace the dollar or become the reserve currency of the world in just a few years.
It really does feel like a cult or something. It’s so far removed from reality I don’t know where to even begin.
Bitcoin and Ethereum are actually making people money so it's different than the average MLM experience, but that makes the fervor all the more intense. Then there's all the shitcoins out there that people have lost money on.
Goes back to holding index funds for 30 years.
Time will tell who was smart and who is crazy I suppose.