/biz/ - Business & Finance

>>56465604
> because EVERYONE forgoes consumption
That was the whole point of crypto, right? They market it as all cool, nextgen hi-tech and underground cyberpunk, but in the end it's just a liquidity sponge for stupidos. The old adage about a fool and his money, only they never had any real money to begin with, only debt-backed Federal Reserve notes. And that's going to take a lot of people by surprise, when they finally wake up one day to realise they never actually owned anything real, be it crypto, bonds, stonks.But even real estate is highly inflated and isn't worth nearly as much as they were tricked into believing.