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Haha, literally few days after my country invested like 1 billion into it.
Lol
Your political elite should have read The Grapes of Wrath. Don't take wooden nickels was a lesson from 100 years agol
somebody has to hold the bag. Sorry it had to be you.
Anyone investing in this made-up shit deserves to panic. It's worse than the AI bubble.
I'm not a financial advisor or anything, but I've spoken to some informally and how they talk about bitcoin/crypto is interesting. They aren't techbros arguing about the specific mechanisms of different coins or anything. It's framed instead as "Yeah, it's basically a scam, but its one of the few places you can get large returns these days, just gotta make sure you're not holdin the bag when it collapses".
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).