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The whole financialized economic system is running on irrational exuberance and is frothy as hell. We could have a collapse in trust and a deflationary shock wo
by lifty 6y ago
The whole financialized economic system is running on irrational exuberance and is frothy as hell. We could have a collapse in trust and a deflationary shock would send valuations to the ground but that is unlikely to happen because that would threaten the whole financial system, including the bond market. It's almost like the cryptocurrency market is the perfect scheme to take advantage of this situation. The game must go on and the central banks know it, that's why whenever there's a hiccup in the credit markets they intervene. So have fun everyone!
Regardless of the irrationality of current valuations, the cypto asset industry is here to stay and it will slowly syphon more use cases from the traditional financial system. The overall trend is real, just like the Internet trend in 2000 was real, regardless of the subsequent crash. Position yourself accordingly.