Bitcoin passes $1,000 but only number that matters is zero

“Bitcoin passes $1,000 but only number that matters is zero” – Financial Times | $1034.34

Last Updated: Mar 1, 2018

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As a phenomenon bitcoin has all the attributes of a pyramid scheme, requiring a constant influx of converts to push up the price, based on the promise of its use by future converts. So the ultimate value for bitcoin will be the same as all pyramid schemes: zero.

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Alexander Reed

Editor

Having delved into futures trading in the past, my intrigue in financial, economic, and political affairs eventually led me to a striking realization: the current debt-based fiat system is fundamentally flawed. This revelation prompted me to explore alternative avenues, including... Read More

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“Bitcoin passes $1,000 but only number that matters is zero” – Financial Times | $1034.34

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