[smt88]

> 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).

[zer01]

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.

[smt88]

The overvaluation of tech stocks was absolutely speculative.

[immigrantheart]

Crash is relative? And the proof in the pudding is Bitcoin has value of $29k.