Bitcoin below 40K
(twitter.com)
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It's still four times higher than it was six months ago.
It’s still fundamentally worthless.
Learn about asset bubbles throughout history; they all depended entirely on the greater-fool theory. They were all zero-sum (or worse) propositions. And they were all ultimately backstopped solely by the intrinsic underlying value of the asset, which, with cryptocurrency, is nothing.
These “cryptos” are transparently all absurd pump-and-dump-and-go-to-zero schemes that prey on the greedy and ignorant.