“Why bitcoin may soon be worth nothing” – NY Post | $6,610.66

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

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Jawad
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Jawad

Retard.

Frodo
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Frodo

If you replaced all the references to “bitcoin” in this article with “dollar,” it would actually come across as written by somebody intelligent.

Tothemoon
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Tothemoon

Inb4, us dollar Beeing not backed by gold since 1936😂😂😂 go trust your trillion-money-printing government 👌

drRex
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drRex

maybe you can explain your readers who or what backs up your fiat money!! The government, the banksters ???