I have a buddy who during COVID pumped his account from $1K to $200K, then he wiped his portfolio twice. Today he's already up $2.7 million, trading stocks for the past few months.
And this isn't just a one-off case.
Recently, I chatted with folks who don’t even know what market cap is, don’t read reports, don’t analyze businesses, and pick stocks based on queries to AI. They’re sitting on +100% gains in their portfolios since the start of the year.
For me, this is a very familiar signal.
The "dumb money" hasn't even entered crypto yet.
Last cycle, when the crowd finally woke up, Dogecoin inflated to a market cap of $88 billion. At that time, it also seemed absurd. Then it became a reality.
So I wouldn’t be surprised if this time meme coins show significantly higher valuations, while Bitcoin gets a new wave of demand after people start cashing in profits from the stock market and shifting capital into crypto.
Save this post. We'll revisit it later.
And this isn't just a one-off case.
Recently, I chatted with folks who don’t even know what market cap is, don’t read reports, don’t analyze businesses, and pick stocks based on queries to AI. They’re sitting on +100% gains in their portfolios since the start of the year.
For me, this is a very familiar signal.
The "dumb money" hasn't even entered crypto yet.
Last cycle, when the crowd finally woke up, Dogecoin inflated to a market cap of $88 billion. At that time, it also seemed absurd. Then it became a reality.
So I wouldn’t be surprised if this time meme coins show significantly higher valuations, while Bitcoin gets a new wave of demand after people start cashing in profits from the stock market and shifting capital into crypto.
Save this post. We'll revisit it later.