Full Cryptocurrency Transactions Ban Planned in Russia

Cryptjitsu said:
While there is a small minority of people & devs in the crypto space that are truly in it for the tech, the driving force is "Number Go Up". That's the main value proposition and narratives are spun around it, because people cannot handle the truth.
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I remember the late 90s dotcom boom, and that was all about NGU too. Everyone was chasing the latest hot stocks. For a while, it seemed like you couldn't lose...

When rampant speculation takes over, it usually ends in a bloodbath.
 
Cryptjitsu said:
No, I mean actual retail that enters the crypto market & is active with it, via the 3 different routes: 1)Defi, 2)NFTs 3)Memecoins. I gather anecdotal evidence on this daily. None of them have any interest in BTC. The numbers show the same. BTC wallet growth is stagnant. In fact, ETH Metamask growth is almost stagnant now (only NFT guys give it any real significance anymore).
The space is changing faster than the Boomer coin guys realize.

Alts aren't looked at as vs BTC anymore, 2017 is gone. They are now looked at as vs ETH, cause Uniswap.

I have not met one newly onboarded Coinbase user that gives one f**k about BTC. Not one. They view it as too expensive & too late for them. They can barely be convinced to focus their capital investment into ETH. They are too busy being attracted by the lower priced alts.

That's just the reality, the numbers show it. And no amount of BTC maxis spewing their outdated BTC narrative can change that.
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How many joe retails yoloing into jpegs does it take to equal 300 credit unions offering BTC to boomers?

https://www.americanbanker.com/news/small-banks-set-to-go-live-with-bitcoin-trading
 
They said:
How many joe retails yoloing into jpegs does it take to equal 300 credit unions offering BTC to boomers?

https://www.americanbanker.com/news/small-banks-set-to-go-live-with-bitcoin-trading
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Boomers are dying and the wealth is getting passed on to whom? Millennials.
It's already happening.

What capital flows do you want to follow? Of the old & dying or the ones that are inheriting the money?

The only major buyers of Boomer coin that I pay attention to are the pension funds. The ultimate sucker bagholders.
 
Cryptjitsu said:
Boomers are dying and the wealth is getting passed on to whom? Millennials.
It's already happening.

What capital flows do you want to follow? Of the old & dying or the ones that are inheriting the money?

The only major buyers of Boomer coin that I pay attention to are the pension funds. The ultimate sucker bagholders.
More...

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