"Bitcoin has lost nearly half its value since reaching a record high above $123,000 in July 2025. After years of bitcoin rewarding those who held through periods of volatility, the selloff is just the latest test of investors’ mettle.

But bitcoin’s recent decline doesn’t appear to reflect a fundamental change in the investment, says Daniel Sotiroff, associate director of ETF and Passive Strategies Research at Morningstar.

“I think a lot of this is crypto being crypto,” he says.

Bitcoin’s selloff comes amid weakness across a range of assets, as investors reassess risk and where to put their money. The Nasdaq Composite and gold have both pulled back from recent highs, falling roughly 4% and 8%, respectively. As of Friday, bitcoin traded around $63,900.

The recent decline likely reflects several factors, Sotiroff says, including investors taking profits after bitcoin’s run to record highs. Expectations that interest rates could remain higher for longer may also be making investors more cautious about riskier assets, including bitcoin, he says. Other investors may be shifting money into different high-upside opportunities, including artificial intelligence-related investments.

While previous bitcoin selloffs were often followed by large rebounds in price, the latest decline may prompt some investors to revisit why they own bitcoin in the first place, Sotiroff says."

https://www.cnbc.com/2026/06/12/bitcoins-price-drop-is-forcing-investors-to-revisit-why-they-own-it.html

#Crypto #Cryptocurrencies #Bitcoin #PonziScheme

“#Obama created the biggest #bondmarket boom in US history, because when interest rates fall, bonds, mortgages, and other credit claims that carry a high interest rate go way up in price. Essentially, the #USeconomy was turned into a #Ponzischeme. The Federal Reserve’s position was: we know there are defaults, so we are going to lend debtors the money to pay, so that they do not default. If they do not default, the banks will not have to write down loans that were made beyond the ability of home buyers, credit card #debtors, and others to pay.”

https://www.nakedcapitalism.com/2026/06/michael-hudson-debts-that-cannot-be-paid-wont-be.html

"4. Benjamin owns a farm. He employs 100 workers plowing his fields. His total payroll is $10 million/year. One day, he buys a mule, which provides the worker who uses it with a modest 10 percent productivity gain. Benjamin fires 99 of his workers and purchases 99 mules, expecting a 1,000 percent productivity gain. The driverless mules cause plow damage to his property in excess of $50 million. Benjamin loses another $5 million due to the loss of productivity from his one remaining employee, who no longer guides a plow but instead spends 100 percent of his time shoveling mule shit. Goldman Sachs builds an altar to Benjamin in their lobby and cuts out the heart of a junior analyst on it every Friday. They call it “Blood Sacrifice Friday.” The name isn’t catchy, but the event becomes a management favorite nonetheless."

https://www.mcsweeneys.net/articles/ai-economics-for-dummies

#AI #GenerativeAI #PonziScheme #AIBubble #AIEconomics

"Governments and their central banks may pretend to be lowering interest rates to spur the economy, but the basic reason is to re-inflate prices for financial securities and real estate.

That’s the main aim of today’s finance capitalism, after all. Its aim of increasing fortunes by creating debt-leveraged asset-price gains has turned economies into a great Ponzi scheme.

This policy must fail because preventing prices for collateral held by banks and other creditors from falling in price, and thus causing a loss of financialized asset-price gains, requires the economy to take on more and more debt.
(...)
[A] Ponzi scheme has to be kept going because you need new entrants into the scheme. There is no real underlying value there. There is nothing actually generating wealth. Instead, there is a pretense, a claim that the scheme is making money, and very high dividends and capital gains are paid out to investors as if substantial profits are being earned.

But where does the money come from to pay these investors if there is no real generation of profits? The answer is that the promoters keep hyping the Ponzi scheme and hope that new investors will continue to join. As P.T. Barnum supposedly said, “There’s a sucker born every minute.” The scheme depends on attracting more and more participants, whose contributions are then used to pay the high dividends promised to the earlier investors.

This process can continue for a while, but eventually the nominal debts owed to depositors or participants become so large that new investors are no longer bringing in enough money to sustain the payouts. At that point, the entire scheme collapses.

The economy today resembles that kind of structure. The real estate sector, the banking sector, and stock market companies have all borrowed heavily just to pay the interest obligations that are coming due."

https://braveneweurope.com/michael-hudson-lena-petrova-why-this-is-not-the-1970s-again

#Capitalism #Financialization #CasinoCapitalism #PonziScheme #Debt

"Tuesday morning, the Maurene Comey ruling came down. Tuesday afternoon, the Comey indictment came down. The Epstein survivors who were on Capitol Hill on Tuesday with Representative Ro Khanna trying to get attention got pushed out of the cycle entirely. This is how the chaos becomes “normalized” and we aren’t going to let that happen."

https://kaitjustice.substack.com/p/lev-remembers-special-live-kait-justice #JamesComey #MaureneComey #Epstein #EpsteinFiles #CoverUp #DOJ #ToddBlanche #fascism #GhislaineMaxwell #distraction #PonziScheme

Even grifters don't like getting duped in a Ponzi scheme! Grifter Boffin J. Sun rails against World Liberty Finance (WLFI) for:

1) secretly implementing a one-signature freeze function, used to blacklist his wallet

2) WFLI posted ~ $5B WLFI token on Dolomite as collateral to borrow $250 million in Stablecoins > classic circular financing move

Lawsuits are likely! https://www.cryptotimes.io/2026/04/13/justin-sun-claims-wlfi-has-a-one-signature-wallet-freeze-power/ #WLFI #Crypto #CryptoCurrencies #BlockChain #StableCoins #Tron #TRXTokens #Grift #Grifters #PonziScheme #Lawsuit #SEC #MemeCoins

Has Australia finally hit the limits of its great economic ponzi?
A sharp discussion with Paul Miron from Msquared Capital on how soaring property prices, mass migration and a fair bit of luck have masked deeper structural cracks especially housing affordability.

#australia #economy #housingcrisis #ponzischeme #auspol

https://www.youtube.com/watch?v=_6kUWvdiJQ0