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BasedInFact [S] 0 points ago +1 / -1

That’s plainly all it is.

It’s almost like people have never heard of, much less comprehended, the serial mass psychology phenomenon of asset bubbles where assets can be bid up so insanely far beyond the intrinsic value of the underlying asset by new money seeking the incredible money-for-nothing gains that early entrants (who directly benefit from every new dollar that pours in) so publicly tout.

They almost all start in times of prosperity where cheap money is chasing limited assets, and they ALL end the same way. And, to put it mildly, it’s not a soft landing.