Introducing The Cockroach Theory of Crypto(economist.com) |
Introducing The Cockroach Theory of Crypto(economist.com) |
I love it: even _sensible_ investors.
This is evidence of a big factor that thankfully helps to regulate the increase in bitcoin adoption. We have bitcoin, one of the most important discoveries in the history of mankind, and we have "cRyPto" - a rotten pile of thousands of scams and cheap, flawed copies.
Combine this with a general misunderstanding of volatility as risk, along with a lack of appreciation of what money actually is, and it's clear why the "sensible" investors struggle to find their way to bitcoin. Let's just hope they don't diversify into the crypto snake pit too much.