TL;DR
The hyped “crypto bull run” is more like a slow-motion train wreck. Naive investors, blinded by FOMO and influencer hype, are losing their savings in a market built on speculation, not value.
Story
The crypto “bull run” dreams are fading. What was touted as the future of finance is looking more like a rerun of past follies.
‣ Bull Run: A period of rising prices, driven by hype more than value. Like a pump-and-dump scheme at casino scale.
Remember the 2008 housing bubble? Or Enron’s spectacular crash? Same flawed human behavior, different wrapping. Greed, FOMO (fear of missing out), and blind faith in promises of easy riches fueled this bubble.
Ethereum’s price swings—$1,000 drops in a day?—are not signs of “volatility” but of instability. The market is a house of cards, propped up by speculation and influencer hype.
‣ Influencer Hype: Celebrities paid to promote coins, regardless of actual worth. Like carnival barkers, they lure the naive.
XRP, the centralized “crypto,” pumping while others crash? A classic case of manipulation. It’s like putting lipstick on a pig—it’s still a pig.
The sad truth? Many have lost their life savings chasing this mirage. Stories abound of people betting everything on digital tokens, only to see their dreams evaporate. Some blame global economics, but it’s the same old story: unsustainable growth built on hype and fueled by naive investors.
‣ Unsustainable Growth: Growth based on speculation, not real-world value. Like a pyramid scheme, it collapses when new money dries up.
Advice
If “guaranteed returns” sound too good to be true, they are. Stay away from hype-driven markets. History repeats itself, especially when greed is involved.