One real issue with frenzies happening into garbage companies like GameStop; people will start to get scared and either pull their money out or choose not to participate in financial markets like stocks and crypto. A number of people I talk to about this are hesitant to put any disposable income into anything more than a rock solid risk-free asset like a mutual fund, bond, or some tangible asset that they have a lot of knowledge on like gold, real estate, land, etc
The way things are going I think the market is about to crash. There is way too much illusionary value out there. Even setting aside outliers like GameStop, there’s too many companies who have seen all time high or 5 year price highs while their balance sheets and income reports are not at all reflective of success