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RE: The bull run might come from Italian Investors
The only safe-haven that exists - does so exclusively in the form of adequate diversification of one’s capital assets. Every financial market, including Cryptos, shall always be subject to regular wipeouts on a cyclical basis. It’s simply a matter of timing. A broken clock is spot-on twice each day. All that said, no matter how well one hedges their interests, there comes a time where there is simply no place to hide regardless of how well-prepared one may be. Yes, those better prepared will fare far better and have huge gunpowder at their avail to buy hand-over-fist at fire-sale prices while blood spills in the streets, however, your average Joe will more likely than not be slaughtered without mercy…
that is the choice crypto gives the average joe, the choice to not play the game he can't control in the slightest and that is rigged to screw him.
Indeed, Crypto is one of many required elements of essential diversification - no doubt. However, it is by no means a panacea one should rely upon to save their asses when the shit hits the fan... One still needs a full arsenal of various asset classes under their belts and at their immediate disposal if they wish to survive fruitfully over the long haul. But then again, that's just my opinion, and WTF do I know...
What evidence is there that the average Joe has any meaningful level of control within the crypto realm? And what evidence exists to assert that the crypto realm is not similarly suited to screw the average Joe in kind. Answers to such questions are vital to the accuracy of perceptions that one forms in the grander scheme of things. Gotta stay real about it, brother... Just sayin'...
valid questions, I guess we also make these judgment standing on a basis of our biases.
But you are right, it would take newer generations to adopt crypto like this, and we might not be there yet. we might not
The bias to which I always default is a bias based upon universal truths that have proven themselves reliable over the course of several decades. Such truths are simply unavoidable insofar as forming one's "bias" as it were. Nonetheless, each individual must travel their due course to arrive at such wisdom... The price in doing so is well worth the price of admission so long as one manages to stay solvent and afloat during the course of such an education...