Chart - Z1P, page-15720

My view is crypto is the next mega-bubble just waiting to burst massively. Not sure what the catalyst will be, perhaps regulation or some giant hack. Those who got in way early have done very well, those who are late to the party- not so much. It's pure speculation, still in the hype stage. The billionaires/high profile types who keep talking it up to the masses have vested interests so people need to be careful.
1. Bitcoin fails as a global currency
2. Bitcoin fails as a store of value
3. Bitcoin fails as a hedge against inflation

Not sure what the next 'problem' bitcoin will be purported to solve. It certainly won't free the world and feed the world. In fact, many get sucked into be a HODL'er (like z1p) when they should have exited earlier. The huge cult like following/behaviour from fanatic 'prophets' like M. Saylor should have you running the other way fast. I still think bitcoin and crypto generally is a solution still looking for a problem. Fiat isn't going anywhere and will be propped up by Governments.

However, it's a volatile s.o.b - and if you're good at trading then that's a different story. Random tweets from Musk though can throw all TA out the window though...