When you earn your fortune you are going to be very careful about spending. I know I am. There was a time when my family had money way back in the late 1800's. The children all managed to squander it all away... If you're given generational wealth you don't appreciated it and it is often wasted as you mentioned.
Hopefully crypto will make us all fabulously rich eventually! One can dream anyway!
Exactly. There are families with previous generational wealth, but somebody in the lineage just manages to mess it up and squander all the money and leaves the future generations scampering to establish themselves from the scratch. From where I'm from, life was very hard and I'm sure if I ever have a fortune, no way I'm spending it recklessly, no matter how plenty it is.