If you take a step back, and view the current state of the U.S. population through the lens of Bocaccio’s picture of the 14th-century Black Death in Europe, it’s evident that the same type of psychosis that characterizes some people’s responses to COVID vaccination and masking, is also expressed in the spread of the bitcoin psychosis. Both cases betray a fundamental belief in magic and “little green men,” as opposed to science.
In the case of those not vaccinated (about half of the eligible population), there are polls indicating that about half of those are susceptible to being convinced (in various ways) to get vaccinated, whereas the other half are hard-wired, ideological never-vaxxers. So it is safe to say that about 25% of the American population is psychotic on this count.
That would indicate that there is plenty of room in that and related layers of the population for a dramatic increase in bitcoin mania. And it seems that that is precisely what is occurring. According to a new survey by crypto.com, as reported in bitcoin.com, the number of people using cryptocurrencies globally more than doubled from January 2021, rising from 106 million then to 221 million in June 2021. “The report states that the rise of the defi movement, institutions like Tesla, Visa, Mastercard, and Microstrategy adopting cryptocurrency, and El Salvador establishing bitcoin as legal tender, were important events that helped to popularize crypto even more.”