May 20, 2021

Masa, Mark, and Elon, the Crypto “Influencers”

It is Time to Tell the Truth

For years, bitcoin and other cryptocurrencies have accumulated $2 trillion in market cap on a “token” that has absolutely no intrinsic substance. It tells us something about our society that these digital objects (I am not sure we can even call them assets) have been “threatening” the established currencies through what is pure marketing. The money that went into these values might have enriched investors, but contrary to a fiat currency, their economic and social impact has been nonexistent. Read More

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