The appeal of virtual currencies is essentially a blend of high return expectations, decentralized beliefs, narratives of technological innovation, and speculative demand. Examples of short-term surges have fostered the 'wealth creation imagination,' and some view it as a tool to counter traditional finance.
But it is by no means a fast track to financial freedom:
Over 90% of virtual currencies ultimately go to zero; high returns come with a high destruction rate, and a single crash can wipe out multiple profits.
Cases of sudden wealth are often survivor bias, relying on luck or information asymmetry, and lack replicability.
Regulatory risks, project scams, leverage traps, etc., have turned most people into fodder.
True financial freedom never relies on such high-risk speculation but stems from knowledge, patience, and risk control.
