Unlike the dot-com bubble, nothing will be left after crypto because nothing was ever built; the crypto bubble is inflated purely out of the financialization of hot air and nothingness wholly detached from reality. Crypto is a pure speculative mania built purely on self-referential speculation. The market value of a crypto token oscillates randomly, subject to constant market manipulation and public sentiments of greed and fear, detached from any activity other than speculation. Crypto is a pure casino investment wrapped in grandiose delusions. It is almost definitionally a bubble as an investment because crypto tokens have no fundamentals, no income, and correspond to no underlying economic activity.
Subscribe
‘Enforcement 40’ for 2020
Our Sponsors
Join Us On LinkedIn
Join the Securities Litigation and Enforcement Group on LinkedIn