It's definitely a bubble. Bitcoin has been crippled by Blockstream and the lightning network and the price is artificially manipulated by the crew behind Tether. The whole space is toxic. Buyer beware!
two years ago, McAfee pledged to eat his dick on national television if Bitcoin didn’t hit $500,000 by 2020...yesterday his call was $1 million (but with no offer to include the nutsack in his chow down) https://cointelegraph.com/news/john-mcafee-doubles-down-on-1m-2020-price-prediction-for-bitcoin
Bubble Lol just learn how to chart to stay in the clear. We already know bitcoin is king of crypto, retail just playing with fire on alt .
I still find it mad how a digital investment vehicle (that's not an asset, nor a store of value!!!) with strongly speculative character can be so adored and so promoted. I'm inclined to believe Peter Schiff on this. Still, cryptos will keep spreading and one day we will all use them. I find it odd how this forum almost turned into a crypto forum. I still enjoy the PM threads a lot. PM's have a history, a soul, there's an entire adventure behind them. Perhaps one day silver and gold will spike as much as Bitcoin
If the FED can create more numbers, then so can Tether. When everything is backed by nothing, then why not create more?
Not if the monopolist have anything to do with it. They love stone aged things. They love currencies that are backed by their force.
No one will watch these because it goes against the cryptocultist idealism that sovereign monopolys will allow a free and fair system to continue indefinitely
Tether says its reserves are backed by cash to the tune of . . . 2.9% https://archive.is/i88vx#selection-1597.0-1597.71
More Tether FUD? Frances Coppola? No surprise, long time anti-crypto writer. NYAG’s office? Long time rent seekers desperately trying to protect their hundreds of $millions in annual levies received from the legacy banking system. These people’s gravy train is being threatened by crypto. Cash equivalents are basically bonds.