TL; DR
Full story
So it turns out that retail investors aren’t that interested in Bitcoin during this bull run?
That doesn’t sound great, but there’s an angle here:
Over the last few bull runs, crypto has attracted quite a large number of people hoping to make ‘easy money’.
But we’ve now reached the point where BTC’s potential returns aren’t as attractive as those of other established projects (making newcomers harder to attract).
“Great, so where’s the corner?” – You
There’s this idea that: because new investors are turning away from Bitcoin and moving further along the risk curve (aka: making riskier investments in smaller projects with a bigger upside) – something is wrong…
That the appetite for big risks is a symptom of something much worse in our economy (where people are essentially trying to gamble their way to a better life).
And that might be true…
But it could also be a total misunderstanding by a bunch of doomers!
Because think about it – just a few years ago: Bitcoin was that high-risk gamble.
A shift to newer/riskier crypto projects from retail investors may not mean the sky is falling, but it does mean Bitcoin is maturing.
(Aaaaw!)