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Crypto Markets: “It’s 2008 on crack.”

Crypto Markets: “It’s 2008 on crack.”

Return Of The Great American Bubble Machine

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VBL
Jul 10, 2022
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Crypto Markets: “It’s 2008 on crack.”
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TK News by Matt Taibbi
Return of the Great American Bubble Machine
On May 12, 2022, just over fourteen years after the collapse of Bear Stearns, the New York Times announced another crash. In a story entitled, “Cryptocurrencies Melt Down in a ‘Perfect Storm’ of Fear and Panic,” the lede read: A steep sell-off that gained momentum this week starkly illustrated the risks of the experimental and unregulated digital currencies…
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3 years ago · 373 likes · 212 comments · Matt Taibbi

Return of the Great American Bubble Machine

Albeit with new wrapping and new jargon, crypto has been infected by the same old problems of insider finance

On May 12, 2022, just over fourteen years after the collapse of Bear Stearns, the New York Times announced another crash. In a story entitled, “Cryptocurrencies Melt Down in a ‘Perfect Storm’ of Fear and…

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