The wonderful thing about money is: its roots are only in belief, not in fact. If you get a sufficient amount of money users to believe pink colored dog poop has more value than a diamond, than it has.

The entire shtick is made up. People just tend to forget this too quick.

Moreover, money is not destroyed by spending, but rather circulates. Right now it's flowing around faster -- a manic phase for a portion of the economy.

In other eras, everyone got excited and went to tent revivals.

Granted there could be an opportunity cost -- the real effort and electricity could be used elsewhere -- but only if it were possible to create a similar amount of excitement about something useful, like putting solar panels everywhere. But that takes different people and different skills, so maybe this costs nothing?

(Money can be created and destroyed -- it doesn't just circulate -- but that destruction happens when loans are repaid within a fractional reserve system. Which is kind of a scam, but money itself is, so, whatever.)

Once you internalize that this is all sort of a scam, does that change your behavior? Maybe you start making NFTs or minting shitcoins.