You should always be wary whenever somebody starts talking about the next [insert famous brand here].
Decades and botched attempts later, Tesla is still the new Tesla. Because Rivian, Lucid and all the other ones failed – at least until now.
Apple is still the new Apple. Because no other tech brand was able to replace Apple as the dominant force, in terms of revenue and power, in certain sectors.
And more importantly, for us, Bitcoin is still the new Bitcoin.
Several crypto projects did wonderful things and made a lot of people a lot of money.
But Bitcoin is still the main one.
So I giggled, and then laughed, when I saw somebody post to a Solana Facebook group that Fronk, yet another crypto memecoin on the Solana blockchain, might be the next Bonk.
Full disclosure. I do hold some Fronk Inu (FRONK), because I bought it weeks ago, way before this dumb message I read.
Also full disclosure. I hold a few million Bonks, but I’ve already made money from Bonk.
I bought it for $20 and sold a good chunk for a few hundred.
Obviously, I’ll be super happy if it goes up and make more. But I’m already happy as is.
I still got a return nothing else outside of crypto can give.
The issue I see here is, again with exceptions (Bitcoin being one of them), so many of these crypto projects are becoming self-fulfilling prophecies.
The value of certain assets goes up because so many people believe it might.
At the time of writing, $1 buys well over 20 million Fronks.
I have 15m FRONKs, worth about $0.70.
That’s the beauty of crypto. I totally expect my investment to go from 70c to $70 or $700. I also expect it go to zero.
I wish for the former outcome, but I’m ready for the latter. That’s crypto for ya.
bitcoinea 
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