Economist: Crypto isn't cool anymore

[legiteum]

Video: "Crypto isn't cool anymore"

https://www.economist.com/video/CVan3v3n7ga/ecJNYicn?f=%2F

The gist: Bitcoin is mainstream now, and can be bet on with the same tools your grandpa uses to buy stocks (ETF), and is absolutely mainstream from a regulatory standpoint. And even the president of the USA is a Bitcoin speculator. All of this means that there is nothing "counterculture" about Bitcoin any longer: it's just another button on your investment app--another product among thousands of possibilities.

The Economist points to this as a reason BTC's price has declined by about half in the last year. The question is, how does it get back? I can't think of any cultural phenomenon that lost its coolness and then regained it. Usually that's a one way street.

[_act_]

Cryptocurrencies have not been cool before because they are just advanced pyramid gambling schemes which some people create to make many just like Trump created Trump meme coin.

Have money, create a project, make it a scam project is the reality. If it is not scam like the Trump coin, make money like Trump and dump it. Create another one and so on is the reality.

Cryptocurrencies are for gamblers.

Just go for bitcoin that is the store of value.

The Economist points to this as a reason BTC's price has declined by about half in the last year. The question is, how does it get back? I can't think of any cultural phenomenon that lost its coolness and then regained it. Usually that's a one way street.

He should be patient and see what happens before 2029. Bitcoin will get to all time high.

[HONDACD125]

Video: "Crypto isn't cool anymore"

https://www.economist.com/video/CVan3v3n7ga/ecJNYicn?f=%2F

The gist: Bitcoin is mainstream now, and can be bet on with the same tools your grandpa uses to buy stocks (ETF), and is absolutely mainstream from a regulatory standpoint. And even the president of the USA is a Bitcoin speculator. All of this means that there is nothing "counterculture" about Bitcoin any longer: it's just another button on your investment app--another product among thousands of possibilities.

The Economist points to this as a reason BTC's price has declined by about half in the last year. The question is, how does it get back? I can't think of any cultural phenomenon that lost its coolness and then regained it. Usually that's a one way street.

One should ask them, what has basically changed from previous cycles to this one? And what makes him think that it is now a one-way street and there is no possibility for it to go back up after going down? Bitcoin has been the same throughout its history, adoption or involvement of polticians, actors, influencers, or anyone else won't change anything other than the fact that it might affect adoption to some level. Just because Trump is now a Bitcoin speculator, it doesn't mean Bitcoin is going to change because of that. His statements or actions might have short-term effects on the price, but that isn't something new.

The question "how does it get back" is a question a newbie who knows nothing about Bitcoin and this market should ask, not someone who pretends to have a lot of knowledge. Someone who says they know a lot about Bitcoin and is making big statements should know how the price will get back up in the next few years. An economist should definitely know how supply and demand works.

[(BTC)]

Bitcoin usually becomes "cool" when you realize the value of good and hard money. This realization usually comes after understanding the value of fiat money. Kids and adults both visualize $100 USD differently due to being at different stages of financial maturity in their life.

But even some adults are lost on the idea of what good and hard money is.

However, the kids nowadays grasp the concept of good and hard money pretty easily, especially since its a digital money.

Gen Z, Gen Alpha, and Gen Beta will pick up and understand bitcoin so easily. Doesn't matter if it's "cool" or not.

Money as a concept isn't cool. It's rather boring to most people. The only cool thing people see in money, or any currency, is having a lot of it.

[BlackHatCoiner]

Alternative title: The Economist finds the ultimate cope to declare bitcoin dead for the 478th time.

Hard money does not need cultural phenomena to grow in value. The more boring it might seem, the more effective as a hard money it is. Gold is just a rock, but it grew in value nearly twofold last year.

I will ping this thread in a couple of years when it will have aged like dogshit wrapped in catshit.

[CryptSafe]

Were you expecting it to be that cool for you? Never ever expect it to be cool any day because the volatility is what gives it the major vibes it runs on, so there is never a dull moment in crypto, as many factors also affect the market that cause panic, and all of that, which makes the market this unique in its own special way.

Just as _act_ has said, go for Bitcoin as it is a store of value, and that alone could give you what you want if you could have patience with the process of holding for long as an investor or holder.

[Smartprofit]

We live in the postmodern era. That's why The Economist journalists speak like typical postmodernists.🙆

In the postmodern era, no entity or phenomenon is taken seriously... That's why The Economist journalists write that Bitcoin has gone out of fashion and conclude that this means it won't rise in price, etc. This, in my opinion, is typical postmodernist logic (a thing only exists while it's trendy; it has no fundamental value, nor can it have one).

However, Bitcoin does have fundamental value. Bitcoin is truly global, decentralized money. In my opinion, increased financial censorship and the introduction of central bank digital currencies will only push people toward Bitcoin. Bitcoin is quite real, contrary to the speculations of The Economist journalists.💪

[Fivestar4everMVP]

Video: "Crypto isn't cool anymore"

https://www.economist.com/video/CVan3v3n7ga/ecJNYicn?f=%2F

The gist: Bitcoin is mainstream now, and can be bet on with the same tools your grandpa uses to buy stocks (ETF), and is absolutely mainstream from a regulatory standpoint. And even the president of the USA is a Bitcoin speculator. All of this means that there is nothing "counterculture" about Bitcoin any longer: it's just another button on your investment app--another product among thousands of possibilities.

The Economist points to this as a reason BTC's price has declined by about half in the last year. The question is, how does it get back? I can't think of any cultural phenomenon that lost its coolness and then regained it. Usually that's a one way street.

I understand what the economist mean, that the curiosity around bitcoin is gone right? And like right now, it seems every one is already in the know of what bitcoin is and no is curious anymore to maybe buy it simply because they just want to see how it works or how it feels to actually hold some bitcoin..

This maybe right but I do not think it's the primary reason why bitcoin has lost almost half of its price from the recent all time high, this is not the first bear market right? We seen a bear market in 2018 through 2020 after the 2017 bull run, we saw a bear market in 2021 through 2023 after the 2020/2021 bull run, and now, we are seeing a bear market since 2025 after the 2024/2025 bull run, this is a pattern and nothing more, in all of those bull run, bitcoin recorded new all time high, I am very confident that in the coming bull run, we will see another all time high again as well.

[Patikno]

I am sick of hearing nonsense like the OP mentioned. From the past until now, there is always been this meaningless news, starting with "Bitcoin is a bubble", "Bitcoin is dead", "Bitcoin is an illusion", "Bitcoin is rat poison", and blah-blah-blah. All of this nonsense has been around for years, and in fact, none of their statements have been proven true to date. Ultimately, what we will find is: they will stop their nonsense, especially when Bitcoin hits a new high, they will fall silent, and some will even start getting involved with Bitcoin. For example, Larry Fink, who was once skeptical, Warren Buffett, who retracted his statement after investing in a crypto-related bank, Jamie Dimon, and so on.

Here, you can try to see the following article, as the reference : fortune.com - 5 billionaires who publicly hated crypto then changed their minds

The bottom line is, we don't need to listen to the nonsense of those trying to denigrate Bitcoin. Time will tell, and Bitcoin will surely make them regret their words.

[Alphakilo]

We easily forget that Bitcoin is by design following a mathematical schematics that makes halving reduce its price in half and with more adoption and the launch of ETF, why won't the price struggle to rise further from its current position?
I trust Bitcoin more than other coins because without the success it has made, the systems that make crypto currency usage easy by just a click of button would never have existed in the first place and am sure altcoins and those stupid coins created just to scam and dump won't have a market of greedy folks wanting to make quick money.

[o48o]

Video: "Crypto isn't cool anymore"

https://www.economist.com/video/CVan3v3n7ga/ecJNYicn?f=%2F

The gist: Bitcoin is mainstream now, and can be bet on with the same tools your grandpa uses to buy stocks (ETF), and is absolutely mainstream from a regulatory standpoint. And even the president of the USA is a Bitcoin speculator. All of this means that there is nothing "counterculture" about Bitcoin any longer: it's just another button on your investment app--another product among thousands of possibilities.

The Economist points to this as a reason BTC's price has declined by about half in the last year. The question is, how does it get back? I can't think of any cultural phenomenon that lost its coolness and then regained it. Usually that's a one way street.

It's debatable if it was ever "cool", but to me it stopped being counter culture ages ago, unless you see rich elites being counter culture. But when i first started, i felt like i was part of something underground when i used it, and no one of my friends knew what i was talking about. Living outside the mainstream, under the radar and having money was appealing for a while.

These days i feel like i am giving out vibes that i am part of sell outs, annoying crypto bros, red pill misogynists and scammers when i admit that i am using cryptos. Even though bitcoin, or crypto in general doesn't exclude political ideologies, it seems to have degenerate billionaire's bootlicker stain to it, that's hard to wash away, because those people really were at the center of all the buzz.

And it's not only Bitcoin, but altcoins as well. There's hard to find anything sexy in them.

[Josefjix]

Were you expecting it to be that cool for you? Never ever expect it to be cool any day because the volatility is what gives it the major vibes it runs on, so there is never a dull moment in crypto, as many factors also affect the market that cause panic, and all of that, which makes the market this unique in its own special way.

Just as _act_ has said, go for Bitcoin as it is a store of value, and that alone could give you what you want if you could have patience with the process of holding for long as an investor or holder.

Maybe OP is one of those investors that thought about Bitcoin to be a get rich quick scheme, where immediately profit is awarded after investment, never knew it doesn't work like that.

Normally, Bitcoin journey is a very rough process, it isn't sweet as most people think, it's not cool the way op also thinks but overall, Bitcoin is cool only when you understand the game.

It's a game of patiency, consistent accumulation, and not been ready to withdraw anytime soon.

[Accardo]

A fair warning: Bitcoin only pays to those who bought it, if you wish to make money from Bitcoin purchase it and earn later. A lot of this speculations didn't start today, people must have to say something when things are not moving right for anything, including what has made significant profits in the past, this reoccurrence still validates how the human brain tend to forget the past when faced with a recent circumstance. Bitcoin has done profits countless times, but whenever it drops, people start to say crap about it again.

[Stalker22]

There is no doubt that bitcoin has not changed, but the users of bitcoin have changed.  The earlier days of Bitcoin with their decentralised and rebellious nature are now being discussed and embraced by those entities that Bitcoin was designed to replace.  The thrill of growth through risk taking and excitement are now almost extinct due to the manipulation of the markets by powerful individuals taking advantage of the market.  There is nothing cool about that.

[coinrifft]

The Economist points to this as a reason BTC's price has declined by about half in the last year. The question is, how does it get back? I can't think of any cultural phenomenon that lost its coolness and then regained it. Usually that's a one way street.

Did this so called economist knows that Bitcoin works in cycle, it just so happened that we are in the bear market, that's why the price have declined after our all time high. So by cycle it means that there will be time that we are in the bearish state and then after two years we will bounce back. Let's wait and see what they can say when we go on another massive bull run after the next halving. For sure they might not change their tune, but one thing is for sure, Bitcoin is not a bubble that once burst will not recover. Just look at the historical logs and for sure everyone knows about it.