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> 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
by smt88 4y ago
> 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).
- immigrantheart 4y agoCrash is relative? And the proof in the pudding is Bitcoin has value of $29k.
- zer01 4y agoNetflix 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 4y agoThe overvaluation of tech stocks was absolutely speculative.