Cryptos: An Old-Fashioned Speculative Craze, Not A New Form Of Money

But let us also recognize that Musk’s “funding secured” tweets in 2018 amounted to fraud, and as of this writing, a Tesla in fact can’t be bought with BTC despite Elon’s expected attempts to “greenwash” this crypto’s otherwise electricity-sucking mining operations as “environmentally healthy.”

But lies, front-runs and price-fixing tricks from CEOs like Musk are forgiven because, at least for now, Tesla’s stock and BTC’s valuation “prove their rightness” based on price, not truth, value or common sense.

 

 

 

https://www.zerohedge.com/markets/bitcoin-versus-gold-tired-debate