Are they causing the rout by trying to get large sums out of an illiquid market?
Regulators remain soundly asleep.
11 days after I lambasted the outfit. Billions went up in smoke already.
I’m just kidding, but others are not, and people are falling for it.
This can happen only during the very late stage of a bubble.
The piquant irony: This was recorded on Wednesday, before the stupendous crypto-crash on Friday when some of the things we’d discussed two days earlier actually occurred.
You’ll get whiplash just from watching.
But regulators are waking up.
Libertarians flocked to it “because of the potential that Bitcoin offered, as a decentralized form of money.” That is now over.
As long as banks are not exposed to bitcoin.