Banks and institutional investors are heavily invested in crypto. Thanks to 0% rates they almost unlimited ammo to buy it. Cnbc and the financial media advertise bitcoin and others non stop. The mania is just a function of qe and ultra low rates that is blowing bubbles everywhere. But the market is controlled by the whales.
Crypto barely even works as currency. It's simply too volatile. Look at bitcoin, down 5% today. But it's perfect for gambling and speculative investments
It goes up and it goes down, meanwhile the dollar only goes down. All volatility is artificially created to keep you scared enough to hold on to your soon to be worthless Biden bucks.
Banks and institutional investors are heavily invested in crypto. Thanks to 0% rates they almost unlimited ammo to buy it. Cnbc and the financial media advertise bitcoin and others non stop. The mania is just a function of qe and ultra low rates that is blowing bubbles everywhere. But the market is controlled by the whales.
Crypto barely even works as currency. It's simply too volatile. Look at bitcoin, down 5% today. But it's perfect for gambling and speculative investments
It goes up and it goes down, meanwhile the dollar only goes down. All volatility is artificially created to keep you scared enough to hold on to your soon to be worthless Biden bucks.