[rchaud]

I think part of the appeal of crypto's crazy returns comes from the loss of faith people have that the economic system as it is will provide stability like it did for their parents' generation.

Millions of kids in college are wondering how their school is getting away charging regular tuition when classes are via Zoom. Older kids are wondering how a house their parents bought for $100k is worth 15x now when salaries haven't increased by anywhere near that.

Putting money into an index fund that offers 5% (ballpark) seems ridiculous when you consider what things cost today. Why not take a punt on something that could appreciate 10x in a week? It does sound too good to be true, but in an economic system distorted by endless quantitative easing and effectively interest rates for savers, maybe this is the new normal.