⭐ Merited by DireWolfM14 (1)
If history is any indicator, we're just a few months away from another ICO boom. Some of my coworkers have asked me about one shitcoin or another in recent weeks, always with the same premise: "Have you heard about xyz coin? It's supposed to be the next bitcoin..." Of course I cringe and have to reign in their enthusiasm, telling that every shitcoin in existence has promised to upend bitcoin, yet none have.
I think we're already in a new bubble and it's partly responsible for the Bitcoin rise too:
I mean who in their right mind would be paying 30% for fake dollars if not to gamble on the various shit-defi tokens and perhaps on BTC and ETH. The new twist about this bubble is that the defi nonsense allows dumb greedy kids to overleverage themselves so when it all comes crashing down they will be more broke than in 2018.
The size of this thing is $70 billion. Makes the Robinhood redditors look like fucking amateurs.