Crypto is a bet against the modern macroeconomic dogma, which is passed off as science, but is really a branch of politics - with rulers, winners, and losers.
-
As a general field, sure. But ppl aren't betting on "crypto" in general: they're buying tokens, which are bets on very specific value propositions, features, founders/influencers, etc. As
@peterthiel would say: crypto can be huge while every current token goes to 0.
Think dot com era or China. The internet / China really did become huge, the predictions were correct. Yet almost all of the value was captured by investments unavailable to most investors, and most investors got killed while being "right".
