No, YOU invest in crypto because YOU believe that one day crypto will be useful. You cant toss this umbrella statement around when there are so many people who don't even know what a blockchain is coming into the market. What he says is perfectly valid as people are just in it for the money including CI and myself. People who believe that this will be a revolutionary technology is CURRENTLY in the minority.
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I invest to try to make money. Is that wrong or does that make me a bad person?