LMAO. Ludicrous Bitcoin ETF booms

Advertisement

Let’s make a few things clear if I have not already done so. I have no idea when crypto will cease to will exist, only that it will, given all attempts at private currency always do.

Just about everything I say on this absurd ponzi scheme is for a laugh. That’s the attention that it deserves.

That said if you think you can get in and out before everybody else then here’s your chance with the new BTC ETF:

Advertisement

So far as I can tell it is a derivative (ETF) of a derivative (BTC) of a derivative (USDT) of a derivative (junk Chinese debt) of a derivative (USD), the very same fiat currency it aims to kill by being more stable than it.

But you go, girl.

About the author
David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.