Has anyone noticed that ETFs are becoming the next pyramid scheme? Everywhere you see financial advisors recommending ETFs. It's crazy, people don't even do research anymore. It's sad.
People complain about people investing in random cryptocurrencies, but when I see people recommending index funds, isn't it really just this one principle "Asset Price Scarcity" being put into play. It's a self-fulfilling prophecy if you get enough people to buy into the index funds hype.
The only reason why it rises on average is because people keep pumping whatever asset it may be, but should we be doing so?