my experience of crypto holders is they are largely finance...

my experience of crypto holders is they are largely finance illiterate and so are susceptible to a lot of arguments that are in mutual conflict

gold silver bugs are quite similar - many believe things they think are true that just aint

eg goldbugs almost to a person thiink gold is something
to own for a crisis

it really isn’t unless you expect social meltdown

its a risk asset that makes people super greedy - if you want crisis protection US treasury bills and USD are generally the best performing assets + liquid so available to use as needed

both precious metals and crypto have bases that are quasi religious in nature - which reduces rational acting like swinging from one asset class to another after big run ups

but I think crypto returns have been so extreme in such a short time some money will shift to precious metals - especially from the investment bankers that have driven the crypto pricing and been its big winners

monetary markets are odd though - higher they go the more demand there generally is

opposite behaviour to widgets

so at a point where silver is outperforming Btc and especially miners are - which are the correct comparison asset type to crypto - then I think big crypto money flips

because at base it’s all greed emotion but intellectually about owning real wealth that governments can’t eadily debase