Attention Economy


Tuesday, March 5, 2024

Crypto Frenzy is Back

Bitcoin’s Bounce Doesn’t Settle the Biggest Worries About Crypto
Don’t forget to count up the wealth burned by collapsed exchanges, bankrupt lending programs and pump-and-dump alt-coin trading.
 
Bitcoin’s price is surging. What happens next?
 
Bitcoin Bulls Cite a Simple Reason for Its Rally: Not Enough Coins
What makes the cryptocurrency different from just about any other commodity is its tightly constrained supply
 
Bitcoin’s record high means a record crash is inevitable
https://www.telegraph.co.uk/business/2024/03/05/bitcoin-record-high-means-record-crash-inevitable/
As a general rule it always ends in tears when US regulators loosen the chains


Bitcoin is ... back?
https://www.vox.com/business-and-finance/24090693/bitcoin-record-high-crypto
“The bitcoin surge is yet another manifestation of what Hyman Minsky characterized as the inherent tendency of financial instability that plagues the financial system,” said Ramaa Vasudevan, an economics professor at Colorado State University who has been critical of crypto. “It is the outcome of the euphoria of investors awash with funds seeking outlets for quick financial returns, despite the recent scandals and turmoil that roiled the cryptosphere.”
For investors, this persistent volatility has created a dilemma: On the one hand, they are wary of putting their money into a risky investment, but, on the other hand, they fear missing out on potential upside when bitcoin’s value is rallying and breaking into the mainstream.
 
The Crypto Con Years Aren’t Over Yet
https://foreignpolicy.com/2024/02/18/crypto-ftx-bitcoin-bubble-fraud/
Three books explore the failures of regulators—and sometimes journalists.
 
Memecoin Frenzy Reaches a Crescendo on Back of Bitcoin Rally
https://finance.yahoo.com/news/memecoin-frenzy-reaches-crescendo-back-200002994.html 

Bitcoin Is Up but the Future of Money Lies Elsewhere
https://www.bloomberg.com/opinion/articles/2024-03-05/cryptocurrencies-bitcoin-is-up-but-the-future-of-money-lies-elsewhere
FOMO is no match for real utility, as an alternative digital gold rush in Brazil shows.