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.”
“Sooner or later”…
“That is very often the final stage of a bubble and I do not believe that “this time is different.”
“In some cases this might make sense (for bitcoin, the total supply is not yet mined and won’t be for a long time so it is truly not accessible), but for almost all other cryptoassets this view is simply misleading.”
“What if there isn’t actually any use for a distributed ledger at all? What if the reason that, ten years after it was invented, the reason nobody has adopted a distributed ledger at scale is because nobody wants it?”
“The Company does not have an agreement with any of these entities”
“Well, my millennial readers, I will let you in on a little secret. You guys are in the midst of blowing your very own bubble.”
The story here is even more absurd than usual. This is a reverse merger with a bra company.
“I actually sold all my bitcoins recently and switched to bitcoin cash.”
As you can see, things really accelerated on Friday, which is the day the company made the following announcement…
There you go. It’s Mrs. Watanabe. Or in this case, “Mr.” Watanabe.
And before anyone jeers, this is penned by a crypto enthusiast.
Meanwhile, this is becoming something akin to a religion. And I’ll show you what I mean.