this post was submitted on 25 Nov 2025
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[โ€“] ReallyActuallyFrankenstein@lemmynsfw.com 13 points 1 month ago (1 children)

It's exceptionally irrational at the moment. Everyone is not just gambling on an irrational self-valuation of the bet, they're seeing each other's bets, and that is adding an extra level of FOMO irrationality, increasing the bets even further.

With Trump's acts of economic self-mutilation already weakening the economy, this is going to be a wild ride when the bubble pops.

[โ€“] BakerBagel@midwest.social 7 points 1 month ago

I'm so glad that the US economy is based on moving money around between vast dragon hoards instead of making actually useful stuff that improves everyone's daily life.