I don’t think is going away anytime soon.
Lottery tickets are still here and people still buy them, but they are out of fashion for many.
The reality is that stocks and bonds in many ways are a lottery ticket these days also.
They change price daily based on created news and govt action, not real economic analysis.
You have to keep buying lottery tickets.
I don’t have to keep buying Bitcoin.
Lottery tickets is a tax on the poor.
Bitcoin is an asset for anyone. You just buy and hold, and don’t look at it everyday.
I’m up 1,400% in just over 4 years.
What other investment are you going to get those type of returns?
I get you call assets lottery tickets, and everything is bet.
The difference between a bet and an investment is time.
Bets are settled quick while investments are for a long time.
You and I both have limited money to live on. The difference is that you invest in the S&P 500 or DOW 200 and I own BTC. Your money is worth less because of QE and government spending. The BTC is growing faster than Government induced inflation.
ETFs are the way to go at this moment in time. However I alrewady have BTC and since November I turned 2.2 into 4 and went from 69K to 260K. The ETFs will only accelerate those valuations.