Cryptos Dive As CFTC Subpoenas Bitfinex And Tether Who Maybe, Maybe Doesn’t Have That $443 Million

Oh, good! Another opportunity to remind the crypto crowd that they're completely fucked. See, here's the thing. If you're trading cryptocurrencies, you're trading something that is worthless. It's not an asset. There is no underlying rate of return. There's no salvage value if it goes to zero. None of it is backed by anything other than your mistaken belief in some kind of decentralized future where central banks inexplicably cede their monopoly on currencies to a cabal of anonymous netizens.

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