[samsonradu]

I guess society is not optimized for max productivity. As a group, society makes many resource allocation mistakes and (hopefully) corrects them later on.

Fe. society might have been better off investing in nuclear energy in the past 30 years, yet it did not and it s starting to look as a mistake.

Circumstances play a role too. My opinion is that if it had not been for the pandemic and the economic anomalies that happened way fewer people would have paid attention to crypto.