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by immigrantheart 1483 days ago
Um..bitcoin is still $29k, not 0, and so many other cryptos still have value noted in USD out there.

Sure, criticism schimisicm. Proof is in the pudding.

1 comments

> Proof is in the pudding.

That's exactly what I said. The pudding was a crash. It proved that cryptocurrencies are speculative assets without intrinsic value and that they aren't a hedge against any other speculative assets or fiat currency (in contrast to, for example, gold).

Netflix is also down 66% YTD, Tesla down 41% while BTC is down 37% over the same span.

Clearly Tesla and Netflix were speculative assets without intrinsic value too by that logic.

The overvaluation of tech stocks was absolutely speculative.
Crash is relative? And the proof in the pudding is Bitcoin has value of $29k.