A sceptic’s guide to crypto: boom and bust
FT Tech Tonic
00:00
Crypto Market Crash - Why Is It So Bad?
Crypto markets have virtually nothing to do with the idea that crypto currencies should be used as money, or even with the idea block chain technology might become useful one day. This is a highly speculative market populated by people hoping to buy low and sell high and make a lot of money in the process. Nowadays, it's just all about how much you can make from selling on your crypto. Multi level marketing schemes only work if new people keep buying into them. Crypto is silicon bowley's multi level marketing scheme just scaled up to a very, very large scale and put on the internet.
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