Monday, January 16, 2023
Still No There There
Bitcoin and Ethereum and have rallied and the crypto market has regained a $1 trillion valuation. Why is hard to pinpoint. The fundamentals haven't changed for either of the two coins. The only value is what people believe. There are no assets underlying them, nothing that ties either to the real world. Cryptocurrency is an example of secular faith. Promoting it leads investors astray and into a fantasy world. One would hope communications practitioners would know better.
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