Let’s talk about crypto for a bit, shall we?
The above graphic represents, of course, the coincidental nature of Cramer’s declaration to buy Bitcoin (almost at the millisecond the futures crossed $100,000) and the $5,000 plunge of the “currency.” I’m not here to harp on that (God knows there are millions of people on the web already doing so this fine morning) but on the crypto crowd instead.
I’m not sure if you’ve noticed this, but crypto bros are a vulgar, unseemly bunch. When crypto is falling, they are utterly silent. When it is rising, as it has been lately, they will NOT shut up about it.
They show off the trigger rich (as it were) crap like Rolexes and Lambos they are buying. They yack ceaselessly about the world-changing nature of BTC, even though it’s going to amount to nothing. And, most annoying of all, they will shout down anyone who dares point out the absolute absurdity of crypto’s ascent.
Since the crypto bros collectively have the personality of a 7th grade bully, they hurl stock phrases at any nay-sayers such as “Cry Harder” and “Cope“. Do a quick search on x.com if you don’t believe me. The worst recipient of all of this is Peter Schiff, the gold maven, who has long decried the absurdity of BTC and is a particular target for this gaggle of middle schoolers.
I became so annoyed that on Sunday morning I sent a tweet out that said something like “With the notable exception of my friend Andy Swan, the crypto crowd has got to be the biggest collective set of tools on the planet.”
Moments later, the reply came from a stranger that said “No clue what this means. GFY“.
Q.E.D.
In any case, although I haven’t touched crypto in years, it makes my heart sing that BTC is plunging.
And, again, though I don’t have a dog in this fight (all three of them are here safely at home with me), I’m delighted to see some of the light leave Saylor’s eyes. Look, I’m sure the guy is sincere and all, but it would be a total kick if MSTR were totally destroyed over the next couple of years and Saylor wound up having the reputation of a charlatan and con man. Not sayin’ it’s true. Just sayin’.
