DrJLT Economics: Bitcoin Is the Perfect Bubble E004
Bitcoin has three features that make it the "perfect bubble":
1. Bitcoin has no intrinsic value. Unlike conventional bubbles that all must deal with the danger of revaluation, Bitcoin cannot be re-"valued".
2. Bitcoin has no history. Unlike conventional "assets", new stories can be continually made up to sell it.
3. Bitcoin has little regulation. Unlike most financial assets, it can be pumped and dumped in broad daylight in 19th-century fashion.
Still, Bitcoin is not the revolutionary asset that its proponents sell it as. It is a prototype of an interesting technology that has since became archaic for its original use case. Wall Street is no afraid of it, because Bitcoin challenges nothing; instead, it is easier for the big boys to make money off it, and they enjoy the process immensely.
Follow me on Twitter: @DrJiulinTeng
My websites: https://drjlt.com, https://neofiliac.com
-
1:58:26
Crypto News Alerts
4 months ago“Bitcoin Will Hit $500,000 in Bubble Cycle” - Raoul Pal
1.03K9 -
5:17
The Alex Jones Show Infowars
1 year agoBanking Bubble to Burst as CBDCs Set to Hijack the Free Economy
181 -
5:17
The Alex Jones Show
1 year agoBanking Bubble to Burst as CBDCs Set to Hijack the Free Economy
5.56K2 -
3:23
InvestSmart
3 years agoHere Is Why I Think Bitcoin Is Not In a Bubble - Lyn Alden Bitcoin 2021
59 -
6:41
Balshazar
1 year agoEconomic Reset Collapses US Currency Bubble
7 -
20:24
realdrjlt
3 years agoDrJLT Economics: The Upcoming Crisis with both Inflation and Deflation E009
3 -
6:58
Rich Makes You Rich
11 months agoIs the Stock Market in Bubble Territory?? Being Kept Aloft by WHAT Exactly?
111 -
4:20
DOWNLOAD.NEWS
1 year agoAlex Jones: Banking Bubble To Burst As CBDCs Set To Hijack The Free Economy - 3/23/23
210 -
12:10
Cooper Academy
3 years agoThe Problem With The 2021 Bitcoin Bubble
4 -
34:49
majorityreport
10 months agoBursting The Bubble Of Fairytale Economics | Jon D. Erickson | TMR
41