‘Coincidence? We Don’t Think So’: Pinnacle In S&P P/E, Bitcoin Was ‘Peak Excitement’, Morgan Stanley Says
So watch bonds. And the dip buyers. Oh, and maybe Bitcoin, too…
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.
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 CFTCÂ subpoenaed Bitfinex and Tether, but when it rains it pours…
“It’s critical for major clearing firms like Goldman to be prepared.”
And there you go. Another way for cryptocurrencies to morph into a systemic risk…
The “revolution” has seen better days.
Speaking of “stable geniuses”…Â
Well, cryptos are crashing – again.
…what we wanted to point out are the multiple layers of irony here.
When you lose Steve…
Let’s say you’re an analyst….
Obviously, none of those things (especially the last one) are any semblance of important and if the SEC was really interested in being on the cutting edge of the digital-coin-based pyramid scheme revolution, they’d have dropped the whole benign paternalism bullshit when the Winklevoss twins came knocking last year.
For now, things seem to have “stabilized”.
“You look at the entire crypto space and you look at what other products have the liquidity and the notional size, a derivative makes sense.”
“…emails and phones did not stand still.”
“…there is irrational speculation in cryptocurrency and rational regulation are needed to curb it.”
But hey, fuck it right? No guts no glory.Â
PLEASE READ ALL INSTRUCTIONS CAREFULLY.
“…we see Bitcoin and other cryptocurrencies taking the headlines in 2018 – particularly if the surge in energy consumption from this continues in to 2019 and beyond.”
Spoiler alert…
“Bitcoin can’t catch a break in China.”
“I’m not interested that much in the subject at all.”
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