Bitcoin is a Ponzi

[In The Zone '98]

Nah I don’t hide. Like I’ve always said I’m glad brehs have been able to capitalize on it. But in the end I still think it will be much lower.

When's the end, 2045?

 

[the bossman]

It’s undeniable that Covid stimulus efforts propelled crypto to its current heights. That’s why it’s a bubble.

It's undeniable that Bitcoin wouldn't be at current heights without the massive Covid stimulus.

The stimulus was a major catalyst behind crypto’s rise.

But all that artificial support is gone now. Look out below.

You struggle to understand that crypto's rise correlated with all-time low interest rates and monetary stimulus.

I'm confused. Haven't seen any COVID stimulus checks in awhile. Things aren't adding up. Can you explain what's happening?

Do you have any evidence that crypto will thrive in a high interest-rate environment? No. Yes