Bubble or not typical one but: > 11. "Cryptocurrencies leave me increasingly feeling like the boy > watching the naked emperor passing in procession. So many >

Bubble or not typical one but: > 11. "Cryptocurrencies leave me increasingly feeling like the boy > watching the naked emperor passing in procession. So many > significant people and institutions are admiring his incredible > coat, which is so technically complicated and superior that normal > people simply can't comprehend it and must take it on trust. I would > not." Give him a Nobel prize in economy ! Or Pulitzer :) Btw. measuring someone "richness" by auction prices is very bad metric, imo, it appels more to imagination then reality. But price need to be big BIG ! Investors like to inflate, it kind a money printing :> And seriously: bubbles alone are not enough, you need to have accumulated big amount of greed, stupidity and usually lot of scams in hi places too...