My dad lost a lot of money once for his company in a business deal that turned out to be a scam. On the person getting scammed it is an incredibly traumatic and embarassing experience. Confidence tricks play on our flaws and are designed to make us blame ourselves.
All this to say that while I've never owned Bitcoin except for buying Molly on the dark web, I won't be cheering when the music stops. Predicting the outcome of this event on the collective social psyche will be impossible but it's important to understand that these are the kind of transformative experiences that give us the opportunity to learn more about ourselves and create a better future.
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