“…it seems natural that the combination of ‘sanity check’ (all is OK and progress is happening) plus ‘new interest’ (incremental attendance) should strengthen the crypto-community’s conviction.”
“I was told there would be a rally”.
Don’t forget, it’s a “disease.”
“”Like the infection analogy, the population divides into three groups: ‘susceptible’ individuals who are vulnerable but not yet infected; ‘infected’ individuals; and those who are ‘immune’.”
Cryptos “lack the traits of sovereign currencies,” the draft says.
Monday was a train wreck from start to finish.
“So is this the end of the hype about bitcoin as the future of global currencies?”
“Strangely, bitcoin seems to be the poster child for social mood and market mood.”
I forgot about the burgeoning “flying urban tax market”…
Listen, Fundstrat Global Advisors’ Tom Lee is a guy who knows Bitcoin, ok?
So watch bonds. And the dip buyers. Oh, and maybe Bitcoin, too…
But here’s the thing. I’ve got to tell you that I don’t think I have ever witnessed anything that is as absurd/insane as the cryptocurrency mania.
“Render unto Caesar the things that are Caesar’s. Wise words 2,000 years ago. Wise words today.”