“People are comparing bitcoin to tulip bulbs. I think those comparisons are apt,” he said. “But at least with tulips, you had something tangible — a plant.”
Wolf Richter of the Wolf Street blog isn’t going anywhere near it, either.
“There are no fundamentals to consider because there are no fundamentals with bitcoin,” he explained. “You’re participating in a system where the only hope is that someone even more enthusiastic will buy it from you at a higher price.”
Eulogy made by: Jared Dillian and Wold Richter
Disclaimer
Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.
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