I see what you mean. I guess in my mind "people who like cryptocurrency" like it for reasons other than its bigger-fool value proposition.
Yes, I agree that there are many many people out there who don't care one bit for e.g. bitcoin itself, but would be perfectly happy buying a regulated ETF that tracked the price of bitcoin.
I implicitly did not count these people as "liking cryptocurrencies". What they like is money, in particular fiat money.
> These people don't care much about yields, they cannot transfer money via traditional ways for various reasons, and they want governments to stay away from crypto as long as possible.
These are the people I was referring to, who want "no regulation" when they want to do something fine, but "full regulation" if and when they get screwed.
They want insurance only when things go poorly, and see insurance as a waste of money the days when they don't have accidents.
Yes, I agree that there are many many people out there who don't care one bit for e.g. bitcoin itself, but would be perfectly happy buying a regulated ETF that tracked the price of bitcoin.
I implicitly did not count these people as "liking cryptocurrencies". What they like is money, in particular fiat money.
> These people don't care much about yields, they cannot transfer money via traditional ways for various reasons, and they want governments to stay away from crypto as long as possible.
These are the people I was referring to, who want "no regulation" when they want to do something fine, but "full regulation" if and when they get screwed.
They want insurance only when things go poorly, and see insurance as a waste of money the days when they don't have accidents.