Bitcoin As An ‘Infectious Disease’: One Bank Says The Crypto Plague Is Almost Over

I don't know about you, but I love a good cryptocurrency note that finds analysts attempting to develop a model to value something that has no value. Bitcoin and its progeny are worthless. They have no intrinsic value and as Jack Bogle reminded investors last year, "Bitcoin has no underlying rate of return" and as such, "there is nothing to support bitcoin except the hope that you will sell it to someone for more than you paid for it." Right. It's the greater fool theory of investing taken