Legitimization doesn't have to come from a centralized entity, it can come through the normalization of thought or behavior of a group, a community.
Absolutely.
Interestingly, while most people globally still laugh at the idea of crypto and the people who back it, much of what they/we have predicted is coming to pass.
Here's a fun fact:
And it's a very similar number in other countries. That means between 1–2 people you meet has a little crypto in their back pocket.
Hard to argue with that. 😎
It would be interesting to see what kinds of percentages there are in various demographics. I would suspect that in the richest percentiles, they don't have much crypto.
Hmmm... You're probably right. And if you are, I think crypto's volatility and unpredictability are the reasons for that.
When people have less money they tend to look at a bigger risk/reward ratio as a way to get somewhere they want to go (financially). Whereas people with enormous wealth are already at or close to where they want to be and generally feel more inclined to "protect" their wealth and "manage" it than to make an enormous gain if it's pitted against the risk of an enormous loss.
Plus, a 20–40% loss on a $100M dollar investment is a YUUUUGGGEE chunk of change to lose. Lol. That's a few lifetimes' of cash for a normal person.
It would be interesting to see what the ratio is.