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Oh and we’re supposed to trust Wallstreet, where the companies are laying folks off left and right? I’m not saying that crypto is a good space right now but thi
by raydiatian 4y ago
Oh and we’re supposed to trust Wallstreet, where the companies are laying folks off left and right? I’m not saying that crypto is a good space right now but this smells like signaling rather than journalism
- woodruffw 4y agoYou don't really have to trust Wall Street (or even the WSJ) to come to the (not novel!) conclusion that cryptocurrencies had a massive downturn in stated value over the past year. Their overwhelming irrelevancy is frankly a blessing; losing a trillion dollars in most market segments would be a nation-state-destabilizing event.
- zoklet-enjoyer 4y agoLike housing?
- sacrosancty 4y ago[dead]
- rom-antics 4y agoA trillion ain't what it used to be. That's 2.5% of the market cap of the S&P 500. The stock market fluctuates by 2.5% all the time.