Why Price of Bitcoin is Doomed
It is that time of year when sceptics return to the family holiday table and gracefully avoid the topic of investments with the in-laws who put all their savings into yet another ponzi-like “sure thing.” Just this month, Bitcoin, a financial cousin of social postmodernism, lost 30% of its value, down almost 80% since its peak in December of 2017. Another generation of "investors" chanting "this time it's different" just erased hundreds of billions of wealth.