this post was submitted on 06 Sep 2024
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Welp, it was 'fun' while it lasted. Time for everyone to adjust their expectations to much more humble levels than what was promised and move on to the next sceme. After Metaverse, NFTs and 'Don't become a programmer, AI will steal your job literally next week!11', I'm eager to see what they come up with next. And with eager I mean I'm tired. I'm really tired and hope the economy just takes a damn break from breaking things.
That's a point I'm making in a lot of conversations lately : IMHO the bubble didn't pop BECAUSE capital doesn't know where to go next. Despite reports from big banks that there is a LOT of investment for not a lot of actual returns, people are still waiting on where to put that money next. Until there is such a place, they believe it's still more beneficial to keep the bet on-going.