crypto is not a joke, as much as the previous generation believes it to be

so i'm sitting in econ class right and my professor goes off about how crypto "isn't backed by anything" for the millionth time. same energy as my classmates who think bitcoin is just internet monopoly money. but like... what exactly is backing the usd again?

the government? the same government that's been printing money like it's going out of style? at least with crypto you can see exactly how many coins exist and when new ones get created. with fiat currency it's just "trust us bro we got this honestly it's wild how behind the us is with crypto compared to other countries. like el salvador made bitcoin legal tender years ago and we're still having congressional hearings about whether ethereum is a security or not. the stigma here is actually insane

but this week feels different though. all these legislative meetings happening right now could actually change everything. not saying they'll fix crypto overnight but having actual regulations would be huge for adoption..

the thing that gets me is how much pushback there still is in academic spaces. like these same professors teaching about "modern portfolio theory" but refuse to acknowledge that digital assets might have a place in diversified portfolios. meanwhile kids who graduated 5 years ago are buying houses with their crypto gains once these regulations get sorted out i think we'll see a lot more institutional money flow in. and honestly? about time. tired of explaining to my finance professor why decentralized networks might be important for the future