RE <<Ponzi scheme
...
How much of the crypto market is leveraged... that way ?>>
On reflection, much of all schemata can be described as Ponzi-esque, particularly if involving fiat money, crypto money and ... gulp ... gold and silver money, as all serve as centralised memories or distributed awareness, of past work done and memorialised.
The 'thing' is that irrespective that all schemata or much thereof are Ponzi-esque, gamified in the case of BTC, TSLA, MSTR, DRD, NAK, ... GM, BA, F, ... QQQ, when , if and how, should we engage?
Youngsters at play ... and they talk at a level slightly above my Jack at on-line play with his school buddies on the weekends. I listened to Jack's Zoom classes - and interesting the way the small class discusses matters, and at play, "Jason, do not walk away from the team! Stick with the team to stay alive!! All follow Adrian! Go go go! Sniper on the left!!!"
How is that different from the folks on Reddit? Not.
OTOH, the ex-CEO of HKEX, Charles Li, onetime neighbour a few gates down, intoned in the past week that,
About cryptocurrency: Chares shares his opinions on cryptocurrency and does not think they will replace the major fiat currencies of the world. “I personally still think crypto's biggest enemy are the U.S. government, the Chinese government, and the European government. Any government that now has the liberty to print a lot of money is going to be deadly against anybody who is going to make printing money becoming a problem.”
Are the youngsters necessarily smarter? No. Are they fearless? Most of the time, whether due to ignorance or astuteness.
I thought at one time that Amazon was just a glorified Wanchai book store on line, as did the Warren Buffett's.
I did think that BTC was a glorified arcade token. Now am not so sure.
podcasts.apple.com
"The Financial Advisers are coming - having live data is peace of mind ... numbers nothing to sneeze at ... where does the yield come from in block-fi?"
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