The collapse is coming. Crypto’s $2T bubble, built on manipulation and distraction, will burst, gutting economies. Trump’s chaos has been the perfect smokescreen for wealth consolidation.
Not if. When.
Bitcoin’s Endgame: Rule the Ruins
#Bitcoin #CryptoCollapse #Hyperbitcoinization #EconomicDystopia #TheInternetIsCrack
ex-Orlando Magic and #NBA #Lakers star, Shaquille O’Neal, will pay $11 million in a #settlement to end claims brought by investors who purchased an #Ass load of Astrals #NFT. #Shaq is linked to the bunk #cryptocurrency #scam that he promoted prior to the #SBF #FTX #cryptocollapse
"#Silvergate was a pass-through point for crypto. #Stablecoins that are backed by dollars at least theoretically have cash or cash-like assets sitting in reserve somewhere. Silvergate’s job was to create a token when someone put a dollar into, say, USDC and to burn a token when someone took a dollar out...on March 3, Silvergate announced it was suspending SEN, effective immediately."
Uh-oh! The #CryptoCollapse has reached the real #FinancialSystem | #CryptoCurrency
https://www.theverge.com/2023/3/4/23623964/crypto-silvergate-bank-run-stablecoins-dollars
Who's going to be next?
Place your bets...
#crypto #implosion #scam #ponzi #bitcoin #blockchain #cryptocollapse #bingo #btc #eth #nft #fintech #tech #humor
"I have come to view cryptocurrencies not simply as exotic assets but as a manifestation of a magical thinking that had come to infect part of the generation who grew up in the aftermath of the Great Recession — and American capitalism, more broadly."
Mihir A. Desai
A bad night at the casino