Look. Human is a smart ape, not a logical decision machine. And understanding topics indepth is exhausting and needs time, so a lot of influential or rich people make decisions based on mood or half-truths, because of which a lot more less important or rich people do the same (because ape brain thinks of such people as more trustworthy). Which is why things like hypes happen, and in stock market too.
Comment on Memecoins Are Coming to the Stock Market
fartographer@lemmy.world 2 weeks ago
FINALLY! I recently started understanding more about stocks and investing, and what Memecoins are going to bring to the table is the removal of things making sense.
MonkderVierte@lemmy.zip 2 weeks ago
echodot@feddit.uk 2 weeks ago
To be fair yuppies and crypto bros are basically the same people. The stock market was only ever marginally less stupid. It’s only saving grace was it was somewhat regulated, albeit with a fair amount of corruption.