It’s ironic - one of crypto’s draws is for people who want to get away from government issued (fiat) currency yet it is valued in dollars. The promoters of crypto- should value it in say something not issued by givernment ... like sheep? This reminds me of the dot-commers in the late 1990s (just before the Y2K hoax) who had high business valuations without ever producing a product/service. Then one day - poof!
“...value it in say something not issued by givernment ... like sheep?”
Owning or renting?
—> This reminds me of the dot-commers in the late 1990s (just before the Y2K hoax) who had high business valuations without ever producing a product/service.
Amazon didn’t generate a profit for years and years. It lost 90% of its value in the crash. Most didn’t survive. Today Amazon dominates.
It will always follow this pattern…
Yeah it might be something...but the jury is out in my mind.