In crypto’s casino, Bitcoin stands alone as the ultimate prize

If you’ve ever bought a token only to find out its grand use case was “having a token,” congrats, you played the game just right. Wolf of All Streets’ Scott Melker sums it up best. After years wandering crypto’s high-stakes tables, he’s upgraded his stance from “99.9% of crypto is a casino” to “99.999999%. As for the rest of the industry? Well, it’s doubling down on his assessment, one Twitter thread at a time.​

Crypto is a casino with bull cycles and bear-ly believable drama

The general mood in crypto circles is that this has been the worst bull cycle ever. This market is about as cheerful as a rain-soaked slot machine. Retail? Gone. OGs? Ejecting coins like a busted pinball.

Just look at the Trump coin saga, where…

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