[pessimizer]

That just means that you were part of the scam. Hell; somebody approvingly reading this comment might be the bagholder of the future, shooting himself after all of his savings have evaporated into some ETH tycoon's pocket who dumped before the market locked up.

[whatshisface]

Now that the bag holders include major investment houses... Well, if it's possible for a scam to have a successful "exit," that's what happened. They used their funny money to tap in to the real funny money. If all cryptocurrencies went to 0 tomorrow I wouldn't be surprised at all if some part of the "real" financial infrastructure got caught and there had to be bailouts, which we've learned is what happens when the wrong people lose a bet.

There's too much money in the system now for it to all be from mom-and-pop marks. That's just not a viable explanation at these market capitalizations. That's not to say that average people aren't going to find out that they're long crypto - but it'd be in the way they found out they were long real estate.