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51 sats \ 5 replies \ @grayruby 6 Sep \ on: Are shitcoins a gateway drug to btc? AskSN
I don't think this is the case anymore. Back in the ICO days and even last cycle when people were getting sucked into defi and web 3 narratives it was probably the case but the majority of people into shitcoins now definitely know they are gambling and are trying to catch the right wave and get rich.
do you think noobs coming in now are just more interested in shitcoins or doing bitcoin etfs instead of old school buy and hodl?
That's what I would've thought two weeks ago, but last weekend I met a guy who genuinely believes that a basket of stablecoins and altcoins are going to take off and become the new world currency (he was especially bullish on XRP). I think crypto youtube is still larger than we think, and still has its followers all over the place.