Today I was having dinner with my in-laws. Whom in 2019 had nothing to say on crypto asked questions in 21 and started SOME buying in 2022, I honestly think they did it as a way to make fun of my dumb money.
They have a tiny amount but have enjoyed seeing the gains that DEMOLISH those of their 401ks. We were having a conversation and they briefly brought up their family member who has been EXTREMELY successful and is not wealthy but outright RICH, he picks his own stocks actively trades has real estate and is well known physicist. They brought up that he has started deep diving into crypto.
My question is this with limited background TYPICALLY when we have seen things like this it has been a good indicator of cycle top.
Thoughts?
