Bob Moriarty:
He uses an analysis of there being a bowl that is on the head of a pin, and when you pour money into the bowl, it goes one direction or another direction or another direction. I think certainly, the $3 trillion that went into Bitcon took a lot of money out of the resource sector. And I think it’s really clear now that central banks and governments want to go to Central Bank digital currencies, and I’m dead set against them, however, nobody ever asked me. But I think the Central Bank digital currencies conflict with Bitcon and the thousands of crypto variants are nothing but digital beanie babies. But with the Beanie Baby at the end of the day, you still have a $.79 toy to play with even if you pay $1,500 for it, but with the cryptocurrencies, you’ve got a bunch of numbers that are relatively meaningless. So it’s an accounting system, it’s not money. And people, the guys who talk about it being money, it’s absolutely a perfect example of extraordinary popular delusions and madness of the crowd in textbook fashion. |
