Earlier quoted context omitted.
> what people who were overly hyping bitcoin got wrong Did they? It's the best performing asset in the last decade. I think they got it right.
The people who were hyping it said it will be the next major currency. Right now it's literally no different to people getting excited about beanie babies - sure those beanie babies have appreciated in value by 1000s of percent, but at the end of the day they are still just stupid toys and nothing more. So no, people didn't get it right. If anything they got it catastrophically wrong and the entire premise was hijack…
Why do you think this prospect have failed? Do you think such a huge shift on the reserve global currency would happen in just 10 years? In the meantime, the market is pricing the likelihood of this scenario with increasing optimism.