What I find laughable, and mildly infuriating I might add, is when one of these so-called market analysts goes on one of those ridiculous financial shows and proclaims that cryptos aren't backed by anything and that bitcoin is a Tulip-style bubble. LOL
Ten years after the financial crisis central banks are still injecting money into the system to keep it from imploding, and these financial wizards are calling bitcoin a bubble?
If a lie is repeated often often enough in many "reliable" sources (CNN, NYT, BBC etc.), it must be "true". Stop worrying and go back to watching "reality" TV.
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The fact that markets for all assets are artificially elevated does not change the fact that most cryptos are backed by nothing and are a pure speculative/ponzi play.... o, sorry, forgot about the “backing with wasted energy spent on pointless calculations & cracking of rare math puzzles”, that really inspires con-fidence.
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