by The increase in value is reminiscent of a pyramid scheme where investors constantly hope that others will value the asset ever higher.When bitcoin regains its true value, the awakening could be brutal for many. It is not only the cryptocurrency that has a limited volume, but also the number of people who are tempted to join pyramid schemes.The Financial Times Bitcoin lacks a solid foundation as an international currency
Topics:
Mike Norman considers the following as important:
This could be interesting, too:
Robert Vienneau writes Austrian Capital Theory And Triple-Switching In The Corn-Tractor Model
Mike Norman writes The Accursed Tariffs — NeilW
Mike Norman writes IRS has agreed to share migrants’ tax information with ICE
Mike Norman writes Trump’s “Liberation Day”: Another PR Gag, or Global Reorientation Turning Point? — Simplicius
The increase in value is reminiscent of a pyramid scheme where investors constantly hope that others will value the asset ever higher.
When bitcoin regains its true value, the awakening could be brutal for many. It is not only the cryptocurrency that has a limited volume, but also the number of people who are tempted to join pyramid schemes.
The Financial Times
Bitcoin lacks a solid foundation as an international currency