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.
‘Enforcement 40’ for 2020
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