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RE: The Financial Press Just Admitted the Markets are a Sham
What I find laughable, and mildly infuriating I might add, is when one of these so-called market analysts goes on one of those ridiculous financial shows and proclaims that cryptos aren't backed by anything and that bitcoin is a Tulip-style bubble. LOL
Ten years after the financial crisis central banks are still injecting money into the system to keep it from imploding, and these financial wizards are calling bitcoin a bubble?
If a lie is repeated often often enough in many "reliable" sources (CNN, NYT, BBC etc.), it must be "true". Stop worrying and go back to watching "reality" TV.
The fact that markets for all assets are artificially elevated does not change the fact that most cryptos are backed by nothing and are a pure speculative/ponzi play.... o, sorry, forgot about the “backing with wasted energy spent on pointless calculations & cracking of rare math puzzles”, that really inspires con-fidence.