Hope and despair go hand in hand depending what side of the coin you’re on. The greater fool theory is reaching the maturity stage. When people are losing money in material assets, and their shares of profitable companies are simultaneously taking a beating, the last thing they are going to do is fire discretionary capital at pixels with no utility. Banks and brokers have fiduciary duty, a big reason for this cycles’ climb was the influx of working class cash through recently approved ETF securities. Average folks who pay into 401Ks and broad market indexes were passively investing whether they knew it or not. Those crypto ETFs are the very first things that get cut from scheduled buys in times like these, due to high-risk profiles and fid. duty. If Boomer Jim checks his portfolio and sees a slice of his pie chart is 85% red, and asks Banker Raj what the hell is this, and Raj goes, “we allocated 5% of your port to alternative class assets”… Jim asks “so REITs?” “Software and health tech?” and Raj goes, “No, Bitcoin, Fartcoin, and Poostain” you can expect litigation.

---