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Sorry for the obsession with crypto (actually, I’m not………) but it isn’t often an entirely new class of financial instrument comes along with the entire industry spewing all over themselves with excitement. It is heartening to me, as a rational human, to see the incredibly predictable catastrophe that is taking place all around us. These aren’t tiny moves. These are 35% wipeouts in a matter of days.
In the most obvious move in the history of mankind, Bitcoin continues to shrivel away in the aftermath of the absurdly overhyped “oh my garsh there’s ETFs!!!” rally. Below is a featured face from some kind of crypto influencer that was posted last night.
It all started when I saw the name “Meltem”. Meltem? For a woman who is focused on creating the new gold? And then there’s Ms. Boring. And Ms. Long. These are some of the most influential women in the crypto space, and THESE are the names that the designers of the simulation we are obviously living within came up with. C’mon, folks. Try harder to make these character names more believable!
Trading has started on a dozen Bitcoin-based ETFs, and the crypto world has become nauseatingly giddy and, in most cases, sanctimonious. BTC is trading roughly where it was when the fake announcement went out on Tuesday and, as before, we are rammed right up against the tippity-top of the rainbow.
All right, crypto crowd: after years of waiting, your ETFs are here! A dozen of ’em! Including the saucy ticker symbol HODL. Heh. Oh, you.
