5min chapter

On with Kara Swisher cover image

The Economy Stinks, and Dr. Doom is Not Hopeful

On with Kara Swisher

CHAPTER

Is It Biden's Fault?

I'm not bearish on crypto from the peak of last November, even the top two Bitcoin and Ethereum have lost 70% of their value. So this has been an unmitigated disaster. And by the way, these are not currencies. Calling them currencies is a joke. Anybody who knows anything about monetary theory knows that for some to be a currency has to be a negative account. Using Bitcoin or these things is going back to barter because you can price the reality price of goods and services. But if I need a Pepsi token to buy Pepsi Cola and a Coca token to buy Coca Cola, I don't even know how to compare the reality priceof Pepsi to Col

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