Which makes me wonder what the point is these days. If the it’s no longer “digital cash”, I don’t see any upside as a functional currency as it’s far too volatile. It’s only value is for speculative investing, which makes it no better than a picture of a cartoon monkey.
It’s just a shitty speculative investment. That’s about it. It’s just reached cult following and hasn’t completely crashed. But when it does someone is going to be left holding a really big bag
The real Michael Burry depicted in the Big Short movie is buying puts against the stock market. Its not just crypto bros that need to ve concerned. All day on Bloomberg today they danced around recession after labor day expectations.
The stock market may be in a bubble, but regular stock investments aren’t the same as investing in crypto no matter how much the crypto bros insist it is. Stocks are shares of actual companies that (typically) make things, and they also produce dividends.
All that said, I think the end of QE “forever” is a thing that the C-levels of big companies are still trying to get over. I think it’s much more difficult to find retail investor interest in a market where benchmark rates exceed inflation, and it looks like the AI hype juice is starting to run out.
Which makes me wonder what the point is these days. If the it’s no longer “digital cash”, I don’t see any upside as a functional currency as it’s far too volatile. It’s only value is for speculative investing, which makes it no better than a picture of a cartoon monkey.
It’s just a shitty speculative investment. That’s about it. It’s just reached cult following and hasn’t completely crashed. But when it does someone is going to be left holding a really big bag
The real Michael Burry depicted in the Big Short movie is buying puts against the stock market. Its not just crypto bros that need to ve concerned. All day on Bloomberg today they danced around recession after labor day expectations.
The stock market may be in a bubble, but regular stock investments aren’t the same as investing in crypto no matter how much the crypto bros insist it is. Stocks are shares of actual companies that (typically) make things, and they also produce dividends.
All that said, I think the end of QE “forever” is a thing that the C-levels of big companies are still trying to get over. I think it’s much more difficult to find retail investor interest in a market where benchmark rates exceed inflation, and it looks like the AI hype juice is starting to run out.