The book describes bubbles as "money making money" I can relate to this from (3,3), people making AI startups for the sake of flipping it, pitching DeFi ideas and getting funded without pitch decks. Until it crashes and real demand for quality starts (we are here?)

What's the difference between speculation and actual financing? This is the breakdown. This is why strategic ETH reserves lowkey worries me. I want to see an accompanying increase in tx, contracts deployed, new apps etc.