Crypto Fakeout - Catastrophe in the MakingBoys and girls, we are witnessing a level of fraud that makes Gamestop look like a good idea.
Nothing has changed, I first published the bitcoin short on October 15th, 2021...
The outlook for "crypto currency" remains highly unfavorable.
Something to acknowledge: Since it's birth, following the great financial crisis in 2009, crypto has survived a lot of wild and wonky market scenarios.
However, what crypto has NOT proven, is the ability to survive a real life actual bear market recession. That said, during covid, we did get a glimpse of how crypto behaves when unemployment spikes higher.
Nowadays we have stadiums with "crypto"-whatever dedicated to the venue. Although this may seem like a promising / optimistic observation, my view is that it is simply a failure of regulatory authority.
LOL think about that.. fake money that is: unproven through a non-bailout / non-stimmy recession, is the naming convention for stadiums.... no matter how many fake headlines they pump, no matter how many teslas they recall, fraud is fraud.
