Sunday, December 10, 2017 10:37:45 AM
I just stumbled across this recent video of an interview on CNBC with Greenspan talking about Bitcoin. He compares Bitcoin with Continetals, the currency used back during the Revolutionary War, that was inflated to zero. What's amazing is how he completely side-steps the fact that ALL major fiats, including the U.S.dollar are heading down the same road as the Continetal.
I laughed my ass off when he made his comparison, but conveniently left out all the OTHER fiats as I guess being fine.
I would add when the Bitcoin craze blows up it could be the Black Swan that takes the markets down. We'll see just how long it takes that to play out. I suspect more Suckers will have to buy in even from here.
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