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Bitcoin crashes below $100,000, triggering market panic as sell-offs intensify (economictimes.indiatimes.com)

submitted 1 month ago by lemmy_news@lemmy.wtf to c/economy@lemmy.world

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[–] brucethemoose@lemmy.world 3 points 1 month ago

It’s a casino, but with the thinnest veneer of pretense.

Sometimes you see talking heads on CNBC speculate about buying a coke with Bitcoin or something like that, but it’s minimal.

(And yes I know blockchain/crypto have some theoretically interesting uses, but that’s like a tiny fraction of trading volume now).