[rsynnott]

> In 2014, bitcoin’s price crashed when the Mt. Gox exchange collapsed. And in 2018, bitcoin’s price fell 80% as hundreds of “initial coin offerings” (ICOs) crashed and burned

I mean, I think if your thing always rises up and then collapses when the scam du jour implodes, I think you have to wonder if maybe its valuation is based on scams.

The question, of course, is whether enough people will fall for whatever the next scam turns out to be, so that it can collapse in properly dramatic fashion in 2025 or so.