Crypto’s biggest problem isn’t just its volatility—it’s the illusion that it’s solving anything. If you can convince enough people to buy into the hype, it works. Not because of any intrinsic value, but because new buyers are always needed to keep the system afloat. Sound familiar? It should. This is the essence of a pyramid scheme. But unlike traditional scams, crypto disguises itself as a technological revolution.
Supporters claim it fixes the flaws of fiat currency. Yet, it adds even more uncertainty, speculation, and instability. Instead of a centralized authority controlling the supply, anyone with an internet connection can spin up a new “limited supply” coin overnight. Scarcity means nothing when an infinite number of digital assets can flood the market at any moment. The market isn’t driven by sound economic principles—it’s driven by speculation and hype.
The supposed benefits of crypto—security, portability, and universal acceptance—don’t hold up under scrutiny. Blockchain technology is praised as a breakthrough, but in reality, the decentralization promise has faded. Governments have forced exchanges into compliance, and privacy is practically nonexistent. You can’t escape “the man” when the tax system has its hooks in every major platform. What was once sold as financial independence has turned into a hyper-volatile casino where only early adopters and insiders truly win.
I’m not a gold bug, but when it comes to investing, real value matters. Tangible assets don’t vanish overnight. Crypto, on the other hand, thrives on belief rather than fundamentals. The moment confidence cracks, the entire structure teeters. If that sounds eerily like a house of cards, it’s because it is.