Central banks collectively think otherwise, ever since the GFC, and much more so since 2022.

![](https://m.stacker.news/127882)

The US empire is in obvious decline to all but those under its spell of US exceptionalist delusions.

While rising markets often become bubbles due to FOMO (bitcoin is no exception there) they usually have underlying reasons for developing in the first place.

The rise of gold as the credibility of the US reaches new lows is no exception.

Time to audit Fort Knox, or is it empty ! ? !

Solomonsatoshi

Maybe people just love number go up and all they need is some barely novel excuse to pile on.

This. 1000% this. You really hit the 'nail on the head.' Most people apparently don't care 

 they speculate on, the only thing they care about is making a quick buck over a short time period.

Gold, crypto, NFTs, gamestop, AI... if it looks like "it's going up" the speculators pile on. They don't want to research, they don't want to self-custody, they don't want to learn anything, take any responsibility or do any work... just 'click to buy' and 'click to sell' so they can make a quick buck for their (fiat) bank account.

It's the biggest challenge to Bitcoin's real adoption. It's not a 'technical' challenge... it's Human stupidity and laziness, any more than 30 seconds of learning and people aren't interested.

econ

Tooth Fairy Ridicules Global Feeding Frenzy in Precious Metals (FT, Martin)

denlillaapan

> Maybe people just love number go up and all they need is some barely novel excuse to pile on.

This. 1000% this. You really hit the 'nail on the head.' Most people apparently don't care *what* they speculate on, the only thing they care about is making a quick buck over a short time period.

Gold, crypto, NFTs, gamestop, AI... if it looks like "it's going up" the speculators pile on. They don't want to research, they don't want to self-custody, they don't want to learn anything, take any responsibility or do any work... just 'click to buy' and 'click to sell' so they can make a quick buck for their (fiat) bank account.

It's the biggest challenge to Bitcoin's real adoption. It's not a 'technical' challenge... it's Human stupidity and laziness, any more than 30 seconds of learning and people aren't interested.