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It will continue to fall under increased scrutiny and market regulation until it's no longer profitable to run any kind of financial system on it. There will s
by agentultra 4y ago
It will continue to fall under increased scrutiny and market regulation until it's no longer profitable to run any kind of financial system on it.
There will still be believers and people who will throw money at it and try.
But I think they will have a harder time convincing investors going forward.
I suspect it will end up mirroring the MLM market: still there, still profitable for a few, but depends largely on an uninformed base of people getting roped in by their friends and relatives who are already caught up in it.
Like Avon but for tech bros.
- strix_varius 4y agoI would argue it's already Avon for tech bros. That $10,000 Avon "investment" by a teacher making $30k is similar to a $100,000 crypto "investment" by a tech bro making $300k.
- agentultra 4y agoTrying to imagine Bloomberg managing an Avon market analysis dashboard and reporting on every peak and drop.