The Crypto Bubblegum. 100K reasons to be afraid.
Image credit: Freepik
Bitcoin just hit $100,000. Should we chew the moment or wait for it to Pop?
I try to think back to the first time someone mentioned investing in the stock market or any type of asset. It wasn’t more than 10 or 15 years ago. Not because I’m young, but because back then, investors were a different breed—special, trained, and prepared.
They weren’t the guys sitting at the next table, the bartender at the bar, or my now “qualified” investor friends who used to be my schoolmates.
Never before have we talked about investing money as much as we do now. The question is, why?
And while I don’t want to alarm anyone… yes, this keeps me up at night. I don’t see it as normal—though, to be honest, I’m not sure what “normal” even is anymore. To dive deeper, I want to share a few theories before expanding on the topic.
Hypothesis 1: We don’t have enough money and need more to live better
Nothing new.
Hypothesis 2: We don’t want to work anymore.
We want to be the new rich, like the ones we see on social media, with their vintage cars, yachts, and married to supermodels. Again, nothing new. There have always been rich people, and everyone has always wanted to be one.
Hypothesis 3: The world gas gone crazy.
Nothing new… or is it?
Hypotheses 1 and 2? They’ve always been around—wanting more than we have and dreaming of an easier life. But Hypothesis 3? That one feels different. Both reasonable and crazy at the same time.
Why are investments for everyone now?
Investing used to be reserved for the wealthy—a tool to make their fortunes grow. So why are they sharing the pie with us mere mortals?
That’s the question keeping me up at night. Why would they want to let us in on a party we desperately want to join but don’t quite belong to?
The explosion of cryptocurrencies, especially among younger generations, has been wild. Most Gen Zs have their small savings from parents or grandparents poured into Bitcoin, Ethereum, or some meme coin (yes, the one with the cute dog).
Image credit: ChatGPT
Chew the bubblegum or wait for it to Pop?
Back to the title: Is this bubblegum we should chew while making ourselves rich, or will it explode in our faces?
That’s where the fear creeps in. Never before have there been so many investors in the system. It’s not normal. And data shows that over 90% of stocks and cryptocurrencies are owned by the top 1%. Nothing new there either.
But why is the remaining 99% choosing to park their money in these assets instead of starting a traditional business—a clothing store, real estate venture, taxi service, or small law firm?
A society obsessed with getting rich
The frenzy to become millionaires has filled society’s heads with delusions of grandeur. And yet, it feels normal. Today, we tell this story as if it’s a beautiful future where we all become rich from our investments. Tomorrow, I fear we might have to tell a different story—one where the 10% slice we thought we had is devoured, while the same handful of millionaires grows just a little richer.
Until then, let’s keep chewing that bubblegum carefully. Because not only could it pop in our faces—it might also be the kind you accidentally swallow.