-as the price (in fiat) of Bitcoin continues increasing, miners will not leave and will continue being incentivized. If profits exist, miners will stay.

-couldn’t you easily argue most tech stocks are highly volatile? TSLA, NVDA, META, NFLX…these have all been on a rollercoaster. I’d argue the fiduciary duty is to have their clients invested in the best performing asset in the 21st century.

-if you look at past Bitcoin cycles, the price always retraces 70% or more. Meanwhile, it keeps hitting higher highs every cycle.

-yes there has been fraud in crypto. Part of this is due to lack of regulation. What if people realize the biggest fraudster (SBF) was the democratic party’s 2nd largest donor last election? Unfortunately, corruption exists everywhere. If you don’t believe this, see how much in fines large banks have paid.

Further, the bigger deception is in fiat that gets inflated away to no value. The traditional system benefits the richest and those who can easily manipulate the system.

-as far as the last line, I’m not trying to kiss anyone’s ass. I’m stating the viewpoint of crypto investors who understand working for lower real income and investing in a stock market controlled by 10 companies won’t get them ahead.

I believe you are old and have been investing for over 50 years. Maybe, your experience has given you tinted lenses.

Not everyone is going to buy Bitcoin or crypto and it’s fine if it’s not for you. It won’t solve the world’s problems but it offers ordinary people the opportunity to be invested in an incredible solution that gets massive marketing.

Buying 1 Bitcoin today puts $26K at risk. But consider what the upside can be as more people get sucked in. The narrative grows stronger with time and Central Banks’ disregard for normal people.

**thanks for the challenging response. I’m certain it won’t change your mind, and that’s OK. A different perspective is welcomed and I hope some of my points merit reflection.