The Cryptocurrency Casino: How Bitcoin 'Investors' Are Just Gambling With Extra Steps
Автор: CHARLIE MUNGER
Загружено: 2025-12-31
Просмотров: 7
Описание: Bitcoin isn't money, it isn't an investment—it's a casino chip in the world's largest gambling operation disguised as financial innovation. Every cryptocurrency buyer believes they're investing in the future while participating in a speculative bubble that has no connection to economic productivity or tangible value creation. Bitcoin produces no income, dividends, or business cash flows while consuming more energy annually than Argentina for computational solutions to arbitrary mathematical problems. The greater fool theory describes the only profitable cryptocurrency strategy where buyers profit only by finding others willing to pay higher prices for assets with no intrinsic value. Cryptocurrency markets exhibit manipulation patterns that would trigger regulatory intervention in legitimate financial markets while serving primarily as facilitators for money laundering, tax evasion, and criminal enterprise rather than revolutionary payment systems.
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