Anyone Seen Tether’s Billions?
&quot;Solana, up 9,801% in 2021 for seemingly no reason at all&quot;<p>No reason at all, huh? Anybody with even a remote interest in crypto knows why Solana has exploded. It&#x27;s L1 season and Solana is a direct competitor to ETH, which suffers from high usage fees.<p>Every other L1 has exploded in value. As said, L1 season. These kind of statements make me suspect the author never used crypto in their life.<p>The cultural gap between crypto and non-crypto is pretty hilarious. The reason crypto holders don&#x27;t give a shit about any of this, is because to them, a 50%, 80% or even 90% pullback of a coin is just an ordinary Thursday.<p>You can&#x27;t threaten a crypto holder with &quot;losing it all&quot;, because that&#x27;s an everyday reality for them. And so is multiplying their wealth by 2, 5, 10, 100.<p>Why would so many people engage in this degenerate gambling? This is the part skeptics just won&#x27;t get. Because the existing financial system&#x2F;situation doesn&#x27;t work for them.<p>Young people are locked out of any and all assets. They can&#x27;t afford real estate or any meaningful amount of stock. Savings accounts have a negative yield.<p>Crypto is the asymmetrical bet. There&#x27;s the sizable risk to lose it all, yet an upside potential that is countless times larger. And in the case you lose it all, it wasn&#x27;t that much anyway.<p>It is an act of desperation and a sign of very unhealthy issues in our &quot;regulated&quot; economy: low wages, job insecurity, student debt, inflation, low interest rates, inequality, the list goes on.<p>For sure there will be another crash. Nobody cares. Because they have nothing to lose anyway and will just start over. Because the underlying economic issues did not change.