There are now thousands of cryptocurrencies, and every day it seems a new non-fungible token, or NFT, is marketed. But is “digital mania” just another historic bubble bound to burst? Our economics correspondent Paul Solman explores the digital asset boom.
Stream your PBS favorites with the PBS app: https://to.pbs.org/2Jb8twG
Find more from PBS NewsHour at https://www.pbs.org/newshour
Subscribe to our YouTube channel: https://bit.ly/2HfsCD6
Follow us:
Facebook: http://www.pbs.org/newshour
Twitter: http://www.twitter.com/newshour
Instagram: http://www.instagram.com/newshour
Subscribe:
PBS NewsHour podcasts: https://www.pbs.org/newshour/podcasts
Newsletters: https://www.pbs.org/newshour/subscribe
29 Comments
Crypto is a scam.
Considering how many gold mines are being reopened and how “certain businesses” are buying up scrap gold wherever they can this digital stuff isn’t going to mean much.
See how many pixels you can eat. Nothing will have value.
what about the other 20,000 crypto's are those "assets" too?
Such a joke. Producer to consumer tilt is out of control.
I like Paul Solman's studied, concerned look, as a race hustler explains how black Americans in 2022 can't participate in the banking system because of "systemic racism."
cryptocurrencies are a scam!
Its a scam, simple way to transfer wealth lmao
For the love of god, please don't buy this stupid crap.
"theft has low volatility" – economist
Bubbleicious!
TA is all well and good but I find it truly baffling that all major crypto youtubers just look at pure TA and completely ignore the bigger narrative of why BTC is pumping and why the future outlook might not be as rosy as it seems. It's kinda irresponsible to ignore the fact that each ETF launch so far has caused a major dump at the peaks of BTC. More emphasis should be put into day tradiing as it is less affected by the unpredictable nature of the market. I have made over 12 BTC from day tradng with Ramondroy, insights and signals in less than 2 weeks, this is one of the best medium to backup your assets incase it goes bearish….
Even Don the Con said it was the scam
If you believe there is no value in crypto you obviously have no clue. The main value in crypto is in the ability to send large amounts of currency anywhere in the world extremely inexpensively. Right now it costs a lot to send money through your bank or money transfer companies but with crypto that will soon be all over and that’s just a small example of all the things crypto can do. In the not to distant future everything will be digitized and all proofs of ownership will be digital.
Meanwhile bit mining is contributing greatly to climate disaster and allowing criminals to act unchecked. Art is really cool, I would rather visit a museum in real life.
I remember "One Red Paper Clip". Sound familiar?
Excuse me, but can someone please explain to me why there is such complete and utter faith that there will only ever be 21 million Bitcoin? Why couldn't whoever created the concept just decide to create 21 million more concepts at any point in time? If it was that easy to get people to invest their life savings to purchase concepts named Bitcoin, why stop after selling 21 million imaginary coins? Do we ever hear stories about people who say, "You know what? I really feel like I'm quite wealthy enough now. I have zero interest in becoming any richer. So I am officially through with selling my bill of goods to magic beans consumers." I seriously don't get it. How can this not be a bucket full of con/scam that is guaranteed to spring a leak eventually? Why are crypto enthusiasts so confident that the "If it sounds too good to be true" rule doesn't apply to imaginary money?
Predicting< a reversal of a trend is risky, and even worse, I believe there is more to this market than we understand currently. When people are losing, they don't aim to increase their average, but that can only change if you have a personal trade guide and signal provider like that of Anika Hobson which has made me almost 9.5 on a 2 btc Trade capital over the last 10 months. Make the wise decision. Markets fluctuate in cycles that can last anywhere from a few days to several years. In the case of B -TC, it's difficult to make a bullish case simply from looking at the charts.
sounds like a good way to launder money, art that is.
This sh*t is nonsense. NFTs are a sucker’s market. 🙄🤷🏼♂️
Do you comprehend your tokens or nfts are your property no ones else’s. Weather their worth .50 or 5000. Be wise in what’s happening! What you need yo know about this revolution their not telling you.
It’s your choice, BTC COULD HIT 100k 2022!
Crypto is a scam for money laundering.
Nfts are full of stolen art.
Nfts and crypto devalue the usd faster then war
So electric Pokémon cards lol
The dollar is doomed in a few years. Bitcoin will be laughable then.
I believe < that the inflation is already priced in crypto market since the end of last year. These manipulative rats are always 2 steps ahead of everybody because they are market makers. I hope I’m wrong and they won’t keep dumping it on retail investors as always. Those who hold the longest will profit the most, I trade and hold profits keep up the great work! and also Aron Craig has been doing a great job reviewing all chart, trade and techniques on BTC which has enhance the growth of my portfolio from 1.74BTC to 8.9 BTC lately. <You can reach Craig on ͲeIєɠɾαm👉Aroncraigsignal.
all crypto going to a trillion.
Dont work.. just trade crypto
these are the people you're supposed to feel bad about having to pay taxes. they have so much money they can spend hundreds of thousands of dollars on literally nothing, but you, person earning $1200 a month if you're lucky, should be paying for everything. you expect lin dai to pay taxes? but he has so much literally nothing to buy. how would he ever survive if he had to give some of that literally nothing money to the country where he lives and that gives him the ability to both make and spend all that money on… and i cannot stress this enough… LITERALLY F**KING NOTHING.
conventional economists are the ones who got us into the mess we're in now.
and as far as NFTs go, if someone is spending tens of thousands of dollars on an NFT then they aren't worried about money, so it's not hurting anyone
Super hilarious the Trump has an NFT collection as he has said over and over again that crypto is garbage. Just proves the extent of his lying, self serving grift!
Bitcoin is the only asset that is guaranteed to massively increase in value. Study it. Learn of its history. See who's deeply involved. In the words of the late, great Janis Joplin, "Get it while you can!" (P.S. You don't have to buy a whole one.)