Honestly "fake rich" has been a thing before crypto as well, it could be part of it nowadays but that doesn't mean there was a problem with fake-rich people after crypto neither, nor there is a problem with crypto.
So, I would have to say just like how tesla wasn't made to look like you are rich, it was build because it was electric and it would be a lot more helpful for the world instead of using basically oil in the end, so all I can say is the fact that people are looking at bitcoin differently and they could promote how "rich" they are with it if they want to, but when they fail to actually spend that kind of money, it will turn out that they are not rich at all and their whole ruse will come to an end, don't know how long they can continue with it but they totally can.
Yes, I totally agree. Different times, different instruments, but the human nature stays the same.
... when they fail to actually spend that kind of money, it will turn out that they are not rich at all and their whole ruse will come to an end, don't know how long they can continue with it but they totally can.
This was exactly my point. It's about how smart you utilize the means to move from "wanna be rich" to "actual rich". But eventually for the "actual rich", nor iPhone, nor Tesla, nor Bitcoin currently are not the final destinations once they reach the "actual rich" (of course there are exceptions). Maybe it will change over time, but not right now I believe.