Member-only story
An Analogy That Will Make You Re-think Crypto and Bitcoin
Unsurprisingly, Bitcoin and Crypto have had more repulsive sentiment than winning a date with Bill Cosby, R Kelly, or Harvey Weinstein. Even Matt Damon is drinking his pee on South Park. So here’s a thought experiment that should make you challenge the mainstream narrative.
Celsius screwed 1.7 million users. Voyager claimed over one million victims. And anyone else who has purchased crypto since November. 2020 is most likely deeply in the red. The naysayers are high-fiving and patting themselves on the back. 97-year-old investing legend Charlie Munger was recently quoted saying, “I think I should say modestly that the whole damn (Bitcoin) development is disgusting and contrary to the interests of civilization.”
Famous talking heads are embracing the market pain as they do an about-face now that crypto has quickly fallen out of fashion. Renowned author and influencer Robert Kiyosaki said, “I trade bitcoin. But I don’t think it has any value. I just play the game.” Mad Money host and stock-picking “guru” Jim Cramer also changed his mind about crypto saying, “A lot of people are in crypto. Crypto really does seem to be imploding from $3…
