Bitcoin Was ‘Total Bubble’ & 95% of Crypto ‘Will Die Painful Death’: Bitwise Exec.

The bitcoin bull market was a bubble that burst in 2018, but the “painful” event had a major upside: It attracted a lot of money and talent to the burgeoning industry. That’s the assessment of Matt Hougan, the global head of research at Bitwise, creator of the world’s first cryptocurrency index fund. “It was a massive run-up and a massive pullback,” Hougan told Bloomberg’s Barry Ritholtz on his podcast. “ total bubble.” While financial “bubbles” understandably carry a negative connotation, Hougan says the bitcoin bubble fueled intense media interest in blockchain and the crypto market. Moreover, soaring crypto

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The Hostile Media Narratives About Bitcoin’s Environmental Impact Are Total Garbage

If you’ve been following the news and social media discussion regarding Bitcoin for very long at all you’ve likely seen multiple articles castigating Bitcoin as a harbinger of environmental degradation and destruction. Even startups in the crypto space fuel the narrative. People have spent hundreds of millions of dollars on more than one altcoin that specifically markets itself as a less electricity-intensive, more environmentally friendly alternative to Bitcoin. (I won’t name any names, but in my opinion, some of these are incredibly risky investments. People buy tokens from their ICOs hoping to get rich quick after seeing what happened to

The Hostile Media Narratives About Bitcoin’s Environmental Impact Are Total Garbage by CCN

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Earlier this week a crypto exchange revealed that they are unable to access ~26,500 Bitcoin that were in their possession. That means there are 26,500 less BTC available of the 21M total created. Eventually everyone will understand scarcity.

Earlier this week a crypto exchange revealed that they are unable to access ~26,500 Bitcoin that were in their possession. That means there are 26,500 less BTC available of the 21M total created. Eventually everyone will understand scarcity. submitted by /u/Blockfolio
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