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by strasse86 2771 days ago
"You're not going to see that happen again."

I've heard that during the last 4 bear markets. Give it some years it always comes back stronger to absorb fresh money

2 comments

I know the feeling, but at one point you gotta stop repeating the same thing forever. Bitcoin is not a new thing that will repeat 1000% growth.
You are aware Apple was worth $1tn as a company? $150bn more or less in the grand scheme of things isn't a lot of money, which is about the size of the crypto market.

I just don't see banks and institutions (i.e. Nasdaq and Vanguard) building out crypto capabilities to then not use them. They'll market the hell out of them at some point, and the cycle will repeat.

> I just don't see banks and institutions (i.e. Nasdaq and Vanguard) building out crypto capabilities to then not use them

Let me start by saying that I agree there will be a repeat. But, the assertion that companies build some capability to always use them is wrong. What companies did was look into a hype cycle and bought into it as the next "cool thing". After sometime they will forget it even exists. And move on to the next "cool thing".

Orange/Apple IMO

That said I forgot banks were working on crypto currencies. Still I'm tired of bitcoiners ~analysis. Enjoy your ride

Financial markets retract. Doesn't mean its a pump-and-dump.