From Pine View Farm

The Crypto Con 0

At the Pittsburgh Post-Gazette, Dennis Jett explores the Trump family’s affection for the crypto con. A snippet:

The fundamental problem with crypto is that it has no intrinsic value. It is not a precious metal or a share of a company. An official currency has value because the government issuing it supposedly guarantees it (until it doesn’t). Nothing stands behind the value of crypto except the mob psychology of the market which can be driven by anything from war to Elon Musk’s last tweet.

Follow the link for his reasoning.

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