Every past episode of pumping up an asset
Class with no untrinsic value is dependent on promotion so more investors will come and buy those assets at a higher price. Unfortunately crypto is not a currency. It’s an investment. And an investment dependent on someone else paying more than you to get the bet to pay off.
It offers no ownership in cash flow, earnings or assets.
And the minute the central banks and governments get tired of it circumventing their financial and regulatory system they’ll stop the ride.
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In response to this post by vt90)
Posted: 06/04/2021 at 12:17PM