As Dan Olson correctly pointed out in his big ass video on crypto last week, cryptocurrency is a Bigger Fool scam - it utterly relies upon new suckers appearing and injecting their dollars into the crypto market, buying coins off holders for more than the holders originally paid for them.

Though the speculative value of bitcoin has grown massive of late, there's a fundamental problem at the core of it - its totally worthless if you can't convert it into dollars. And the higher the value gets, the more difficult it is to covert coins into dollars in a timely fashion (important because bitcoin is incredibly volatile and its value swings wildly overnight, meaning its slow-moving transactions aren't secure or reliable). This is why cryptobros are evangelists - they need to convince an ever-increasing amount of suckers that the value is going to keep flying to the moon, so they (the early adopters) can cash out.

This is why bitcoin is little more than a series of ever-larger bubbles that pop spectacularly every few years - a speculative frenzy draws in enough new buyers that the whales can cash out all at once, which also tends to trigger a panic and the value of bitcoin to crash hard. But then the cycle begins again, the new holders have to start their own preaching so they can eventually cash out at a higher value than they bought in (or, alternatively, they're just ruined).