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Bitcoin tulip

Will bitcoin surge end like the 17th century Dutch tulip

Set up in 2009 by an as-yet unidentified person using the alias of Satoshi Nakamoto, bitcoin gained traction in a post-crash world where faith in cash had plummeted. The whole concept, after all,.. Bitcoin naysayers frequently compare bull runs in the cryptocurrency to tulip mania, arguing that the intrinsic value of the two assets is essentially all but absent and speculation rules the market. In terms of raw numbers, however, BTC/USD hardly trades at 10 times the average salary in the United States, Tapeiro says

Bitcoin must cost 10X more with 10X less utility to match

These factors are exactly why bitcoin is different from tulips. It has a purpose and according to its creator Satoshi Nakamoto, it's to be a peer-to-peer electronic cash system that sheds all the limitations that fiat currencies were burdened with Economic bubbles, such as the dot-com bubble of the late 1990s and the subprime mortgage crisis of 2008, occur when too much money chases too few assets. Such bubbles ought to burst. The dynamics.. Bitcoin's critics say the digital tokens are like the tulip bulbs of 17th-century Holland. They generated a wild, speculative rush that quickly disappeared, leaving behind nothing but pretty..

It's Official: Bitcoin Surpasses "Tulip Mania", Is Now The

European Central Bank governing council member Gabriel Makhlouf said he wouldn't buy Bitcoin, comparing investment in the world's largest cryptocurrency to the 17th century Netherlands tulip craze.. While bitcoin has gained significant credibility in recent months because of interest from institutional investors, it could still be the digital equivalent of tulip mania, which gripped. Im Tulip Trust sind angeblich Informationen enthalten, die aufzeigen, wie viel Bitcoin Wright besitzt und wo diese Bitcoin aufbewahrt sind. Den Zugang zum Tulip Trust sollte Wright durch einen Kurier erhalten, jedoch ist dieser nie eingetroffen Die Investment-Firma Convoy Investment hat hierzu kürzlich ein Chart veröffentlicht, das den Kursverlauf der Tulip Mania im Vergleich zu Bitcoin aufzeigt. Die Grafik veranschaulicht sehr.. So, to make an analogy to modern-day finance, Bitcoin can easily be equated to Tulip Mania, since the virtual currency's price index is purely driven by market forces and has no central bank which..

Bitcoin detractors liken the cryptocurrency to a 'digital tulip', a reference to the infamously frivolous 17th century Dutch tulip bulb mania © Art Heritage/Alamy Detractors, meanwhile, ridicule.. Bitcoin is a useful Tulip More and more bitcoin is being used for its superior utility. The protocol and network is more and more turning into a financial behemoth used for remittances and as the payment rails for the unbanked in the developing world MIAMI, April 14, 2021 /PRNewswire/ -- Tulip Trust trustee Ramona Ang has sued Ira Kleiman for his conduct over access to a Bitcoin fortune, which were contained in the documents and the data on the.. In other words, Bitcoin is nothing like the Dutch Tulip Bubble craze until it starts trading for around $300k any time soon. The Dutch Tulip Craze was also 1 market cycle, it came up, it crashed and never recovered. While Bitcoin recovered from every crash until now Die Anwälte von Craig Wright haben in einem Interview bestätigt, dass er die Bitcoin Schlüssel zum Tulip Trust (noch) nicht erhalten hat. Im Rechtsstreit wurde vom Gericht festgelegt, dass die Kleiman Anwälte sieben Fragen zum Kurier unter Zollverschluss an Wright stellen dürfen

Related: What is bitcoin? Tulip mania . In the early 17th century, speculation helped drive the value of tulip bulbs in the Netherlands to previously unheard of prices. Newly imported from Turkey. Bitcoin is Half a Tulip February 9, 2021 12:00pm by Barry Ritholtz. Source: Deutsche Bank . I have no real opinion on Bitcoin — I understand the basics of blockchain and mining, but I have nothing in the way of any unique insight or edge as to what its potential valuation might be. Hence, why your normally opinionated host usually has so little to say about it. Regardless, I was. Während Bitcoin Core (Tulip) in der Marktkapitalisierung wuchs, führten Dr. Wright und nChain Untersuchungen durch und erhielten einen Machbarkeitsnachweis, dass Bitcoin zuverlässig und sicher in der Anwendung auf der ganzen Welt ist. Es war notwendig, sich die Zeit zu nehmen, alles zu patentieren, bevor Bitcoin auf die Welt übertragen wird

Bitcoin Tulip Mania Continues as BBC Journalist Calls Time

As Bitcoin skyrockets past $16,000, I'm issuing a new Bitcoin warning video (see below). Bitcoin speculation has now clearly reached the level of a digital. Bitcoin continues to be the investment industry's swaggering upstart, derided by some, not trusted by many but undoubtedly making its volatile mark. The past few days have offered a microcosm of how the cryptocurrency is covered in the media; screaming headlines on Sunday as it hit a record US$34,000 followed by reports of it fizzling out on Monday as it dropped as much as 17%, the most. Bitcoin - Tulip mania, wrapped in anonymity, surrounded by a question mark? Mar 2021. By: Scott Whyte Financial Advisor. If you have followed the financial news in the past year, you may have heard a lot of buzz surrounding cryptocurrencies, including Bitcoin. And that buzz includes investors trying to determine how they can get in on the cryptocurrency investment train. Although there are. Tulip Mania vs. Bitcoin. The Tulip Mania is considered by many as a prime example of a bursting bubble. The popular narrative describes an episode of greediness and hype that drove the price of tulips far beyond reasonable levels. While savvy people started to get out early, the late ones were panic selling after the free fall started, causing many investors and service providers to lose a lot.

Bitcoin and Its Major Differences with Tulip Mania

  1. Der Tulip Trust erinnert an eine Art Multi-Signature-Wallet, von der nur unter Zustimmung mehrerer Parteien Bitcoin bewegt werden kann. In früheren Anhörungen war von einem Blind Trust die Rede. Ob dieser Blind Trust identisch mit dem Tulip Trust ist, bleibt auch unklar
  2. Bitcoin, on the other hand, can be sent at the click of a button with the only limit being the internet connection capabilities. Which, if you're using Bitcoin, is probably not an issue. The location. The distance of the Tulip Mania setting was basically isolated to Amsterdam and Holland with Turkey playing a role in the affair. Along with.
  3. Arguably, bitcoins, unlike tulip bulbs, have significant intrinsic value. As a cryptocurrency, bitcoins can hide wealth and financial transactions from increasingly snoopy and greedy governments.

Back in 2017, when Bitcoin enjoyed its first breakout rally, economists were quick to compare the run-up to Tulip Mania. It was a famous period of the Dutch Golden Age, in which speculators caused tulip bulb prices to skyrocket before they rapidly collapsed shortly after reaching the peak. These days, though, the tulip comparisons have. Die beiden Adressen, so heißt es in dem Schreiben, seien Teil des Tulip Trust, einer Sammlung von Adressen mit insgesamt über einer Million Bitcoin-Einheiten, die Wright in der Anfangszeit von Bitcoin gemint haben will Bitcoin Evolves From Tulips Into A Geopolitical Weapon As US Warned Again. By Tim Alper. April 08, 2021. Source: Adobe/Rob Byron. Washington has received yet another warning about the dangers of inertia in the bitcoin (BTC) sphere,. The tulip trade was also not an innovation or anything new in the world, whereas Bitcoin is the first of its kind and has seen numerous tokens and models following its wake. There was no such thing as Rose Mania and it's highly unlikely that there ever will be

As Reid noted on January 22 2021: Bitcoin price move to the recent peak was 'only' 1/2 of the tulip bubble back in 1637. It's probably not a chart to take too seriously but it shows some of the big bubble type moves of the last 50 years. Hey, that's as good a guess as anyone's However, comparing Bitcoin with tulips reveals that tulips fulfill only the store of value function. Tulips are commodities, like stocks and shares, rather than currencies like the US dollar. Tulips (and shares) have not commonly been used to price and transact deals for other commodities or to settle debts Bitcoin Tulip. TOPICS: Bitcoin Tesla. Bitcoin. Bitcoin's inexorable march higher continued overnight, climbing 1.55% to USD17,912.00, disguising yet. In 1635, the price of a certain kind of tulip reached 1615 Florins. More from Japan's Prime Minister Faces Dark Days Ahead. The report compared Bitcoin's run to the tulip mania of the 1600s in the Netherlands, one of the most infamous. Both Bitcoin and tulip bulbs are used for future futures contracts. The Difference Between Bitcoin and Tulip Mania Bubble The economic system in which Bitcoin was born and lived and the economic system in which Tulip Mania is located is completely different. The total supply of Bitcoin is limited to 21,000,000

It’s Official: Bitcoin Surpasses “Tulip Mania”, Is Now The

Bitcoin: A tulip-mania blended with hawala? Deccan Heral

After the Bust, Are Bitcoins More Like Tulip Mania or the

  1. The parallels between tulip mania and Bitcoin are strikingly similar. It was the debut of new futures contracts that brought Bitcoin mania to full throttle. Following their release, the cryptocurrency collapsed to a shocking low the following February - some 380 years later. Now a widespread virus outbreak now is causing economic distress
  2. Tulip Richter: Craig Wright soll 500.000 Bitcoin an Ira Kleiman bezahlen. 29. August 2019 // 29 Kommentare. Der Gerichtsprozess um den angeblichen Satoshi Craig Wright hat am Montag eine deutliche Wendung genommen. Der Richter Bruce Reinhardt hat in einem Statement sehr klar zum Ausdruck gebracht, dass er Wright kein Wort glaubt. Beobachter bewerten dies als eine Vorentscheidung für den.
  3. While bitcoin has gained significant credibility in recent months because of interest from institutional investors, it could still be the digital equivalent of tulip mania, which gripped Holland in the 1600s and sent the price of tulip bulbs to astronomical and unsustainable highs before their inevitable crash. Given that bitcoin has no intrinsic value, it's difficult to predict just.

Bitcoin 9BTC USD) Cryptocurrency Price Rise Like Dutch

  1. According to the Tulip Trust contract story, Wright and Kleiman were ostensibly part of the group that invented Bitcoin. The trust claims that on January 1, 2020, approximately 1,100,111 BTC will be returned to Wright and now skeptics are patiently waiting for the arrival of a bonded courier
  2. People keep telling me that I don't understand Bitcoin, that I'm wrong about Bitcoin, that I've been wrong and it's time to give it up. The reason I'm not in..
  3. Edited by: Elizabeth T. Ploshay (Bitcoin Magazine) 1. Tulip. In 1635, the price of a certain kind of tulip reached 1615 Florins. At the same time, the prices of four bulls and 1,000 pounds of cheese were only 480 Florins and 120 Florins respectively. The price of a tulip, however, kept soaring to a level the next year that one tulip of a rare.
  4. g to have limited real-world value. As such, could it have the same fate as..
  5. The crash of the tulip dream and Bitcoin Some historians claim that tulip bulbs in that time went for prices the same as houses, everyone from the elite to the lower class was betting all they had on the commodity, and the crash made so many bankrupt that many went and drowned themselves
  6. But to understand why this is still important, it's necessary to look back into Bitcoin history for a feature many had forgotten: the Bitcoin Alert Key. In June 2020, law firm ONTIER LLP, representing Dr. Craig Wright and his company Tulip Trading, sent out the series of letters describing a hack on Wright's computer network in February that year that was reported to the Surrey Police in.
  7. iscent of Holland's notorious Tulip bubble of 1637. They generated a wild, speculative mania and disappeared, leaving behind pretty flowers and wrecked investors
Bitcoin is nothing like the Dutch Tulip Mania, you can’t

Bitcoin: Digital currency, digital gold, or digital tulip

Bitcoin SV: Craig Wright muss Tulip Trust bis zum 12

Bitcoin: Chart zeigt erstaunliche Parallelen zur Tulpen

  1. Bitcoin tulip fund both are from Suppliers as well as from Users confirmed and can as on Homepages and in Magazines experienced be. With Bitcoin tulip fund to improve. Looks one Results to, can inevitably recognize, that a pretty significant Part the Affected indeed happy with it seems to be. It is obvious that the in no way, because most other Companies continuously bad judged be. And I have.
  2. Bitcoin (BTC) and cryptocurrencies look nothing like the tulip mania of the 17th century, even after their rapid gains, one macro investor says.. In a tweet on Monday, Dan Tapeiro, co-founder of.
  3. The fact that someone has stolen Tulip Trading's digitally-held private Bitcoin keys does not prevent developers from deploying code to enable the rightful owner to regain control of its bitcoin
  4. read. by Harshit Gujral, Raamesh Gowri Raghavan, and Sukant Khurana. How much do you pay for a bouquet of.
  5. ed by W&K and held for the benefit of Craig.
  6. Tulips, Bitcoin, and Complex Adaptive Systems January 4, 2021 January 4, 2021 by jennings780@gmail.com As I read this morning how Bitcoin returned over 300% in 2020 and is now up to $34,000 when it traded for about $10,000 in October, I felt a desire to jump on the Bitcoin train again (having exited it when it hit $20,000)
  7. Bitcoin fell to trade JP Morgan CEO Jamie Got Wrong About Bitcoin there remains a hefty than tulip bulbs,' a the most famous market and Tulips JPMorgan's Dimon: leveled one of the though not in the a shocking Bitcoin is statements. Calling the cryptocurrency As Fraud - NewsBTC a What Jamie Dimon boss Jamie Dimon just Bitcoin is a fraud tulips.

willkommen zur Bitcoin-Informant Show Nr. 897. Heute sprechen wir über folgende Themen: Craig Wright Tulip Trust Erfindung, Warum steigen die Märkte trotz weltweitem Chaos & Keine Konzerte ohne Impfung Bitcoin Vs Tulips. Close. 6 7 7 776. Posted by 2 years ago. Archived. Bitcoin Vs Tulips. 1 9 1 191. comments. share. save. hide. report. 91% Upvoted. This thread is archived. New comments cannot be posted and votes cannot be cast. Sort by. best. View discussions in 1 other community. level 1. 101 points · 2 years ago · edited 2 years ago. Tulips operate with a smart contract that burns them. Tag: Tulip Trading Ltd. Craig Wright Plans to Take Legal Action Against BTC Developers, Hopes to Recover Over $3B in 'Stolen Bitcoin' Feb 25, 2021 . In Case You Missed It. The Fed Plans to Unveil. Video: Tulip Mania: The First Economic Bubble 2021, March. Geschrieben von: BigChubbyCat (8BTC) Übersetzt von: James Choi (8BTC) Herausgegeben von: Elizabeth T. Ploshay (Bitcoin Magazine) 1. Tulpe. Im Jahr 1635 erreichte der Preis einer bestimmten Tulpentyp 1615 Florins. Zur gleichen Zeit waren die Preise von vier Bullen und 1.000 Pfund Käse nur 480 Florins bzw. 120 Florins. Der Preis einer. Tulip mania reached its peak during the winter of 1636-37, when some bulb contracts were reportedly changing hands ten times in a day. No deliveries were ever made to fulfill any of these contracts, because in February 1637, tulip bulb contract prices collapsed abruptly and the trade of tulips ground to a halt. The collapse began in Haarlem, when, for the first time, buyers apparently.

Bitcoin: Digital Gold Or Modern Tulip Mania? EURwe

  1. Right now, it's Bitcoin. But in the past we've had dotcom stocks, the 1929 crash, 19th-century railways and the South Sea Bubble of 1720. All these were compared by contemporaries to tulip mania, the Dutch financial craze for tulip bulbs in the 1630s
  2. The Bitcoin bubble is like Tulip mania which will crash sooner or later, as most people investing are basically speculating and do not know the nuances of the cryptocurrency, he said. Two Important Similarities between Bitcoin and Tulip Mania. Price History: No matter how the price of the two most volatile markets in History is looked at, they end up sharing a price similarity. When.
  3. g. We track the existing Market to this Products in the form of Tablets, Balm and different Remedies already since some time, have already very much a lot researched and same to you itself.
  4. Bitcoin bubble dwarfs tulip mania from 400 years ago, Elliott Wave analyst says Published Thu, Jul 20 2017 4:16 PM EDT Updated Thu, Jul 20 2017 7:04 PM EDT Evelyn Cheng @chengevely
  5. Die Bitcoin-Bullen sind wieder am Steuer. Der Bitcoin-Kurs hat sich gut erholt, nachdem er in Richtung der $46.000-Zone gegenüber dem US-Dollar abgetaucht war.. Nun nimmt BTC erneut Kurs auf $49.000 und könnte sogar die $50.000-Marke testen. Analysten sind sicher: Bitcoin hat das Beste noch vor sich
  6. The Tulip Trust is one of the Bitcoin world's favorite things to speculate about. Years in the making, it's something that could finally reveal more about Satoshi Nakamoto and the roles of Dr. Craig Wright and Dave Kleiman. Its consequences could crash the market price of BTC, BCH, or Bitcoin (BSV), or cause one or all of them to soar. It could be a very public demonstration of what.
  7. We should note that comparing Bitcoin speculation to Tulip Mania isn't a new thing — it's been happening for as long as BTC has had real value, or 2011 at least. Dutch Central Bank president Nout Wellink grabbed headlines for saying it in December 2013, and others have been repeating it ever since. Tulip Bubble Aftermath . The introduction of cash-settled future contracts soon succeeded.

When we look beyond bitcoin, what does this market really open up for investors? Or is it, as many people still view it as, one giant Ponzi scheme - just a repeat of tulip mania? That view, the tulip mania one, is fascinating to me. Is it an ignorant view? In my view, yes Without a doubt, we are witnessing history. What Bitcoin has achieved and done is something that the financial markets have never seen before. There's very limited amount of BTC, and it is decentralized! We're currently going through a phase where the market is trying to determine the value of Bitcoin. The technology behind Bitcoin, blockchain is revolutionary and has so many real-world. Fraud, tulips, rat poison, turds. Sure, we all know the most famous negative sound bites. Nouriel Roubini has repeatedly called Bitcoin a Ponzi scheme. JPMorgan CEO Jamie Dimon called Bitcoin a fraud worse than tulip bulbs. Berkshire Hathaway CEO Warren Buffett said Bitcoin investing is not really investing, and his respected longtime business partner Charlie Munger has called Bitcoin rat.

Bitcoin is back on the news which means that the price is going crazy for months already which means that you are wondering: why is the price of bitcoin going up? I am not going to explain here ho

Some people (incorrectly) compare the Bitcoin market to the infamous Tulip Mania that gripped the Netherlands from 1634-1637 — the world's first major economic boom-and-bust In a question and answer session on Twitter, the Central Bank of Europe compared the price of Bitcoin with the bubble of 17th century tulips. Frank Elderson, current ECB vice president, was currently managing the account. Beginning the question period that the European central bank proposed, a user took advantage of Elderson's jug of tulips [ Bitcoin vs. Tulip Mania and other bubbles. Source: James Todaro/ Blocktown Capital. Spotlight on fixed supply. A $320,000 price for Bitcoin lies beyond most estimates of near and mid-term price potential. 2021, according to the popular and hitherto accurate stock-to-flow-based price models, should produce either an average $100,000 or $288,000 per coin

'Digital tulip' or new asset class? Bitcoin's bid to go

Bitcoin can't compare to Tulip Mania. The Tulip Mania was the first speculative bubble in history that lasted only a few months in the Netherlands between 1636 and 1637. At some point in the Tulip Mania, it is stated that half a kilo of tulip bulbs corresponds to 1,500 guldene, that is, the salary of a master carpenter for about four years. In the collapse that followed, tulip bulbs lost 90. I have been reading a lot about Bitcoin recently, and it strikes me as a very curious thing. I think it bears a striking resemblance to the Dutch tulip craze of the 1600's. Tulipomania peaked in 1637. During the craze, people where buying and selling tulip bulbs at wildly fluctuating prices. Bulbs where priced based o

bitcoin tulips - Coinivore

Bitcoin is a Useful Tulip Bubble - Framing Bitcoi

Tulip Trust files lawsuit against Ira Kleiman over

Goldman Sachs compare bitcoins to tulips, and cryptofolks

Deutsche Cake Einführung inkl. Q&A: https://youtu.be/EqSY2ryEoZU English Cake Q&A & Introduction: https://youtu.be/2UehwDPc3Tk Cake Website: h.. Comparing the Bitcoin with the 'Tulip Mania' does not last. If you make a graph of the increase in value, it is only comparable to a graph from 1636 of the tulip price index of the alleged Tulip Mania in the Netherlands. This is probably one of the worst comparisons to the Bitcoin ever. Not only are the details of the events and the degree of.

Is Bitcoin The New ‘Tulip-mania’?

Bitcoin Is Nothing Like The Dutch Tulip Bubble Ye

If you are long Bitcoin, then congratulations. But the tulip-mania noise is increasing with the steepness of Bitcoin's rally. It all went horribly wrong the last time Bitcoin ascended USD19,000. Schlagwort: Bitcoin Tulip Mania #231 UBS Bitcoin Tulpenzwiebelblase, Ende vom Fiat Geld & Segwit2x Bitcoin Attacke. Posted on November 7, 2017 by admin. Hey Bitcoin Fans, Willkommen zur Bitcoin-Informant Show Nr. 231. Heute geht's um folgende Themen: UBS Chief Economist vergleicht Bitcoin mit Tulpenzwiebelblase, Deutsche Bank Read More. Instant Coin Exchange. Bitcoin kaufen und verkaufen. Central Bank Governor Gabriel Makhlouf has compared demand for bitcoin to the infamous Dutch tulip bubble and said he would not invest in the digital assets

Of Bitcoin, Bankers, and Tulip Bulbs - Journal of a

In yet another twist, yet another new document might save Craig Wright anywhere from $650,000 to $4.3 billion: Tulip Trust III. On January 6, 2020, the nChain chief scientist and self-proclaimed Bitcoin creator Satoshi Nakamoto dumped more than 400 new documents on Ira Kleiman's lawyers, among them word of a third Tulip Trust Tulip wallet Bitcoin in traders magazine - secret tips My View: Test the product promptly. You are thus well advised, just not too much time pass to be left, which You took the risk, that tulip wallet Bitcoin prescription or even taken off the market is. This is happening in the range of Means with natural Active substances occasionally. The circumstance, that you such Product compliant with. Bitcoin tulip. They generated a wild, speculative bitcoin tulip rush that quickly disappeared, leaving behind nothing but pretty. He looked back at historical how to make a cryptocurrency exchange bubbles, based on the trough to peak % move within three years of the eventual highs. TOPICS: Bitcoin Tesla Bitcoin/Tulip-o-mania. History repeats the Wiseguy 12/01/2021 09/01/2021. They say history repeats. But I really hope the bitcoin will not have the same future as the tulips of the 17th century. At the height of the bubble the average price per bulb paid would have employed a master carpenter for two years. That is the average price, the rarest tulips commanded prices far higher. Untill.

About Tulip Seed Coin. Tulip Seed price today is $0.447972 with a 24-hour trading volume of ?. It has a circulating supply of 0 STLP coins and a max supply of 80.8 Thousand. Uniswap (v2) is the current most active market trading it. Tulip Seeds required to grow tulips on tulips.far Bitcoin prices rallied by almost 2000 percent in 2017. The digital currency hit its peak trading price of $19000 in December 2017. Financial analysts and mainstream media were quick to draw parallels between cryptocurrency and tulip mania of the seventeenth century

When I first read about the tulip craze I found the parallels with cryptocurrency and Bitcoin, in particular, uncanny. Tulip mania began with people buying something they did not need because they believed someday, someone else would buy it for more than the original price, even though the item in question had no practical use. Bitcoin, invented by the enigmatic Satoshi Nakamoto, was designed. UK-based litigation law firm Ontier said it begun legal proceedings against a number of unspecified Bitcoin (BTC), Bitcoin Cash (BCH), and even Bitcoin SV (BSV) developers on behalf of Tulip Trading Limited (TTL), controlled by Wright. Per the firm, TTL is requesting that the developers enable TTL to regain access to and control of its bitcoin, allegedly stolen from Wright in February 2020. Bitcoin is a tulip-mania standard, self-fulfilling bubble. BTC limited supply is a fiction (you can buy a fraction of bitcoin unlike a fraction of tulip). Once a big economy, i.e. China will come up with blockchain-based digital currency, BTC will bust. # bitcoin Bitcoin SV Believers. Although difficult to say without seeing the contents of the document, it seems that the revelation of the existence of Tulip Trust III has excited investors. Whilst other leading cryptocurrencies have traded sideways today, Bitcoin SV, the hard fork of Bitcoin Cash championed by Wright himself, has jumped by more than 10.

Craig Wright besätigt: Bitcoin Schlüssel zum Tulip Trust

Bitcoin are not Tulips. One of the more pervasive accusations against Bitcoin is that it is nothing but a manifestation of the Tulip Mania in the 1600's - in other words, that it is a inherently valueless commodity that is being inflated by nothing other than human speculation, and doomed to a crash as spectacular as its rise. There are some very intelligent economists and notable members.

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