I thought we’d finally get rid of bitcoin. But the fake “currency,” which I like to call bitcon, just won’t fade away.
Bitcoin’s price rallied to over $6,600 yesterday, but it had been well under $6,000 last week. Even at $6,600, bitcoin is still worth 70 percent less than it was at the beginning of the year.
I use the term “worth” cautiously because bitcoin is really worth nothing, since it’s backed by nothing or no one. It’s a confidence game that has value only because people are convincing other people that it’s worth something.
Got it! Ponzi scheme. Confidence game. Fraud.
Anyway, bitcoin is headed for a value of zilch. It’s only a matter of when.
Eulogy made by John Crudele
If you replaced all the references to “bitcoin” in this article with “dollar,” it would actually come across as written by somebody intelligent.
Inb4, us dollar Beeing not backed by gold since 1936😂😂😂 go trust your trillion-money-printing government 👌
maybe you can explain your readers who or what backs up your fiat money!! The government, the banksters ???