FTX Reveals Bitcoin Adoption Versus Speculation – Bitcoin Magazine

This is an opinion editorial by Brooks Lockett, a freelance writer and Bitcoiner who fell down the rabbit hole in 2018.

I long for the day when savers outnumber speculators on this planet. And the FTX saga has shown us that we’re nowhere close to that dream.

Still, the future remains bright. This article attempts to identify the psychological forces underpinning the recent FTX crash, and provide insight into how we can create information that hooks newcomers directly onto the bitcoin standard and helps them avoid getting entangled with the siren call of altcoins.