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“The Great Cryptocurrency Crash of 2018” – MISES | $6,330.60

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It looks like we have an asset bust for the record books in the making.  The cryptocurrency crash now under way today surpassed the dot-com bust that occurred at the beginning of the millennium…

Whether or not cryptocurrncies recover–and I doubt they will–it is clear that their volatility make them unfit to serve as a general medium of exchange. However this lesson will likely be lost on the promoters of cryptocurrency.

Eulogy made by Joseph T. Salerno

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