Adia Nutrition, Inc. (ADIA)

[Jason Coombs]

Bitcoin at a new high and crypto market in total now valued at nearly $2 trillion doesn't change my expectations of the future.

During the entire Dot Com Bubble as the mania inflated, people kept making bigger and bigger price predictions. We're still waiting for DOW 100,000 after that mania ended.

Inflation happens. Prices do go up, infinitely over time, but there is a competitive free market in which everyone can produce new kinds of economic value and new forms of economic activity.

The similarity with past manic episodes in markets says that at this point the market stops being willing to add to the artificial hype FOMO meme wealth of the few who hold this asset, because capital prefers to work on creating new competing assets instead.

I reiterate that Bitcoin has reached its final permanent high and the "dark tunnel" from which the world is emerging as the pandemic peaks and begins to fade will now turn into a Crypto Dark Winter.

Be safe out there.