| There is a very simple reason why crypto aren't going anywhere -- wealth generation. For a lot of people in many parts of the world the (still) unregulated nature of crypto is the only way to generate wealth. How does one get wealthy? I'm not talking about paying my bills for the next X years until I die. I'm talking about starting with no money in your bank account as a young person and building your way to a decent amount of money by certain age, let's say 35. Work won't get you there. If you live in a good place and have a good job then you can have a comfortable life. But good luck building wealth when taxes are 40-50% and rent is 30% of your salary. Business? If you're lucky, maybe. It's hard. Few will make it. Barriers to entry are large in many places. Paperwork, company taxes, accountants, etc. You'll be trading all your free time and sanity for a chance to succeed. Crypto! Yes, right now it's an online casino of sorts. But many companies are building sophisticated financial services on top of it. Take Binance and BNB for instance. BNB is designed to appreciate if Binance is doing well. It pays dividends. It's an interesting instrument! Binance is a real company that makes real money which says "we made this thing and if we will do well then so will you". Young people will find something in the new and weird online economy. When I was a teen I used to sign up with multiple emails for beta keys for online MMO games, and then sell those keys. I made some money that was very useful when I went to University. Without that I simply wouldn't be able to make any money back then. Crypto is a little bit like that right now except the demographic involved is different. |