So many idiots liquidated 401K's, took out everything they can from credit cards to buy a much bitcoin as possible during the peak when it was trading 10-20K. I was getting calls from people, and friends etc.. would ask me what do I think about investing in bitcoin. I told all of them do not do it it is a scam. Unfortunately a few did not heed my advice and I know of one person who bought into it when it was at the peaks. You would see Bitcoin ATMS (one way street, put in your USD and get bitcoins) not the other way around. Tons of ads everywhere about buying bitcoin, how to deposit into it even bitcoin IRAS!! yes such as www.bitcoinira.com. they even have offices to shear the sheep dry. It is funny how you always hear about these "Bitcoin millionaires" yet they are not millionaires if they are still living in mom/dads basement. You even had Crypto castles a kind of hostel where "Bitcoin Millionaires" could rent a small spot in a bunkbed in a shared dorm. (but if you have millions why not have your own place?) The media would always be reporting on these millennial "Bitcoin Millionaires" but none of them had a penny to pinch together. So why is this? Because the market is so thin that they cannot liquidate their holdings and at best they can do 5-10K a day and if the bank does not freeze thier accounts on suspicion of money laundering. So yeah, they have millions in pretend money in an illiquid opaque market with limited depth and very difficult from going to BTC to USD (yet frictionless when going the other way) It always seems to be the same kind of person who pops up at the top of the bubble to buy high and sell low. be it stocks,property,etc.. and they also seem to fall for scams just as quick. Crypto is a very long con and lots of people getting scalped. I would not be surprised to hear in a few years it was all started by a bunch of Russians who played a well developed long con to get people hooked.