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Browse: Home / 2022 / May / 20 / Productive Bubbles and Swindles. This time is different from the dot-com… | by Stephen Diehl

Productive Bubbles and Swindles. This time is different from the dot-com… | by Stephen Diehl

By Securities Docket on May 20, 2022, 10:36 am

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.

Source: Productive Bubbles and Swindles. This time is different from the dot-com… | by Stephen Diehl | May, 2022 | Medium

Posted in Industry, Top | Tagged Cryptocurrency

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