Some billionaires embrace cryptocurrencies hell

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Home Billionaires embrace cryptocurrencies case goes hell That sure sounds impressive, but his gesture wasn’t about generosity any more than Herschel Walker’s Senate candidacy in Georgia is for the children. After all, the money Bezos is now so magnanimously distributing was made through his dehumanising labour practices, his tax avoidance, influence peddling, monopolistic power and other tactics that make him a cause of the problems of modern American life rather than a swashbuckling solution.

Billionaires embrace cryptocurrencies money goes hell

"it’s prudent to have 2 per cent to 3 per cent of one’s personal wealth in cryptocurrencies"...Now, where have I heard that before? https://lnkd.in/gZQegpNk Tiffany Raspberry Why, then, does the value of Bitcoin keep going up and up? Why is Coinbase so valuable? Because people believe in it. Or they believe they can make money off it. And people have made vast fortunes off it. You might buy some Bitcoin because you think it’s going to keep gaining value, and you might not be wrong. Hell, GameStop stock went up and up for a while; speculators can speculate on anything. The irony with Bitcoin is that the better it is as an investment, gaining value rapidly, the worse it is as an actual currency, because its worth is unpredictable. (Doug Henwood outlines some of the other reasons Bitcoin fails as an actual currency here.)

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From following what’s been happening for the last half a decade, and enjoying continuous discussions about the state of crypto-assets at https://stadivm.com/forums/cryptocurrency.72/, I’ve seen the cycles of large wall street identities proclaiming the illegitimacy of Bitcoin one month, and then singing its praises as a new paradigm a few months later. What needs to be understood is that if money can be made, those accustomed to making it will embrace it wholly, if not publicly, then privately with how they invest. In tweeting through one of the most extraordinary corporate meltdowns in history, Musk has been performing a vital public service: shredding the myth of the billionaire genius The full post-mortem of his epic collapse from crypto wunderkind and billionaire to broke crypto villain extraordinaire won’t be ready for some time. Prosecutors in the US attorney for the Southern District are eyeing possible charges before the end of the year, I am told, so barring exculpatory evidence we can’t label him a criminal yet. 

Billionaires embrace cryptocurrencies money goes hell

Good Instagram captions take your content to new heights. NFTs and the trillion-dollar Bitcoin boom: The year cryptocurrency took off Mr. Musk has made waves in cryptocurrency as well. Tesla and SpaceX have invested in bitcoin, although his comments around its environmental impact caused price swings. Dogecoin, a onetime gag cryptocurrency, has also moved on his tweets.