the reason for that saying is because by the time the lowest class of service workers is buying then there is nobody else to buy from them

Stocks and commodities spread through society that way, from the most well connected VCs down to the lower class when the price rise makes them feel like they have a chance to get rich after it is shown in their nonfinancial choices of entertainment

Bitcoin hasnt gone through society in this route

Existing hedge funds, VCs, University endowments and pension funds are legally incapable of buying cryptocurrency

They are all forming new LPs with new operating agreements to do so

There is no institutional leverage or credit in the cryptocurrency ecosystem

There are no derivatives to manage risk yet

The lower class will be selling to the institutions soon