Cryptos “lack the traits of sovereign currencies,” the draft says.
“Petro (PTR) has its origin in the idea of president Hugo Chavez”…
I forgot about the burgeoning “flying urban tax market”…
Listen, Fundstrat Global Advisors’ Tom Lee is a guy who knows Bitcoin, ok?
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.”
Folks, it is falling apart for Bitcoin.
Well, Bitcoin is all to hell again.
“But the Reddit threads said there would be Lambos!”
The bubble is popping. And it’s hilarious.
Ok, well Bitcoin and the rest of the cryptosphere didn’t need any more bad news after last Friday’s Coincheck theft and after the CFTC subpoenaed Bitfinex and Tether, but when it rains it pours…
“It’s critical for major clearing firms like Goldman to be prepared.”
Cryptos were already on the back foot Tuesday, so things probably didn’t need to get any worse, but they just did anyway.
The “scene” Bloomberg is describing apparently involved furious Japanese customers huddled together in the freezing cold…