What I dont understand about Crypto is that its supposed to be good for payments, and for keeping a store of value. Both of those business are pretty low margin uninteresting businesses. How can people make billions out of it.
Beyond that, you can still, in theory, make a lot of money being a supplier to a low margin business. By some estimates NVIDIA booked over $2b in extra revenue due to crypto.
When new people stop pumping money into it, the business side mostly stops working.
Credit card companies and banks make lots of money. Dealing with money is a profitable business.
> How can people make billions out of it.
Through hype.
Bitcoin being deflationary was the main driver for adoption
Lying