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The Crypto Bubble is Bursting as VC Funding Evaporates, FTX Contagion Spreads & Crypto becomes the New Dotcom Bubble. FTX was the second largest CRYPTO Currency Exchange and is now in Chapter BANKRUPTCY with over 1 Million Creditors. The Venture Capital industry which has fueled the growth of the Crypto Market is nursing large losses and as the FTX Contagion spreads Crypto businesses are struggling to raise additional funding putting more at risk of failure. In this video I compare the Crypto Market to the Dotcom Bubble of the late 1990’s and ask whether Crypto will be another Bubble that is about to burst.
For specific details please check out the CHAPTER list below.
Thanks for watching and please LIKE and SUBSCRIBE.
Chapters:
0:00 Intro
3:47 CRYPTO MARKET
7:04 TERRA LUNA STABLECOIN
8:59 TERRA LUNA CONTAGION
10:25 DOTCOM BUBBLE
11:26 VC INVESTMENTS
16:00 NASDAQ
16:52 WHAT BURST THE BUBBLE?
20:51 CRYPTO VC INVESTMENT
22:40 CATHIE WOOD
24:39 SUMMARY & CONCLUSION
#ftx
#crypto
#fraud
#china
#Belt&Road
#globalrecession
#globalfinancialcrisis
#russia
#Evergrande
#China
#Recession
#Zhenro
#Bonds
23 Comments
It must be me..if there are a finite amount of bitcoin..then they can all be identified..so they can all be traced..theft shouldn't be possible with traceable coins..bitcoin is no different than the market…it's all speculation..no different than the dollar backed by nothing..it's non centralized appeal..is it's weakness..ponzi..just another game of chance to bilk people out of money…there's suckers born every minute…
It's simple. If you are walking about boasting that you have made an utter fortune from Crypto and have cashed out. Stop! Your gain is someone else's direct loss. There are an awful lot of losers.
I disagree with the conclusion. This sounds like a pitch for bitcoin and cathie wood. PASS on this Vlog. Trojan horse,
Unsubscribed.
Sorry to say it but how can you buy into something that does not exist? No collateral, scant due diligence and just like taking a bet on horse race. Sorry to say it but was a scam in nature and reality.
There is no future for crypto currency until you can buy something with it. Let me know when I can buy something on Amazon with crypto currency. Sorry but 😂😂😂😂😂😂😂😂😂😂
It's strange, if Eddie Lamprey hadn't looted Sears of its wealth and cut its talent, they could have been bigger than Amazon up through now, and the online portion would be holding them up even if the rest of the company's decline happened as it did.
What good is a crypto off-line cold wallet if all the exchanges are bust, all the transaction processors are bust and there's no way to buy or trade with it?
So a lot of people invested in crypto buying it with "real" money… so where are those purchase dollars now?Who's got them stashed away in their bank accounts?
This is not a crypto problem, these are exchanges and venture capital companies that are going to the wall.
However, I do grant that 95% of crypto coins are absolute crap but the likes of Bitcoin will survive and flourish.
Bitcoin is not run or managed by any individual person or company and cannot be taken down or mad bankrupt. It is fundamentally an inflation proof asset that is currently going through a bear market (like many other assets). However, it will recover and it's value will explode once again.
The biggest problem is the bad reputation given to it by (a) people who really know what the true potential is (eg: bankers, governments etc) and want to keep it down through their own fear and (b) by people who don't have the slightest clue what they're talking about.
greed turned to fear. gains turned to losses. get rich scheme turned to get poor quick. the bubble finally popped. in hindsight, all of this was predictable. good luck finding a buyer 10 to 20 years from now because crypto may be worthless by then.
The technology of crypto is free to use and develop.. Business can build on top of this tech without need for tradable coins. It seems to me that use of crypto tech has no necessary effect on crypto values and therefore, in a very general sense, tradable coins only have value as speculative vehicles with inherent volnerabilities caused by trading.
Crypto Casinos are Tulip Bulb business models. What actual financial services use cryptos for real productivity other than speculation? Excellent commentary.
How Crypto Currency works… an analogy in Layman’s terms.
Not long ago a merchant found a lot of monkeys that lived near a certain
Village .
One day he came to the Village saying he wanted to buy these monkeys !
He announced that he would buy the monkeys at $100 each.
The Villagers thought that this man must be crazy – How can somebody buy Stray Monkeys at $100 each ?
Still some People caught some monkeys and gave it to this merchant and he gave $100 for each monkey.
This News spread like wildfire and People caught monkeys and sold them to the merchant.
After a few days, the merchant announced that he will buy monkeys at $200 each.
The lazy villagers also ran around to catch the remaining monkeys!
They sold the remaining monkeys at $200 each.
The merchant then announced that he will buy monkeys for $500 each!
The villagers start to lose sleep!…..They caught six or seven monkeys,
which was all that was left and got $500 each.
The Villagers were waiting anxiously for the next announcement.
Then the merchant announced that he is going on Holiday for a week, but when he returns, he will buy monkeys at $1000 each!
He also said that his employee will be in charge, and would take care of the monkeys he bought pending his return.
The Merchant went on holiday!
The Villagers were frantic and very sad as there were no more monkeys left for them to sell at $1000 each as was promised by the Merchant.
Then the Merchant’s Employee contacted them and told them that he would secretly sell them some monkeys at $700 each.
The news spread like wildfire. As the Merchant promised on his return that he would buy monkeys at $1000 each, they would achieve a $300 profit for each monkey.
The next day The Villagers queued up near the Monkey Cage.
The Employee sold all the monkeys at $700 each. The Rich bought monkeys in large lots. The poor borrowed money from money lenders and bought the rest of The monkeys!
The Villagers took care of their monkeys & waited for the Merchant to return!
However nobody came ! ….. Then they ran to Find the Employee ….
However he was not to be found!
The Villagers then realized that they have been duped buying the useless Stray monkeys at $700each, and were now unable to sell them!
This Monkey Business is now known as Bitcoin !
It will make a-lot of People bankrupt and a very few People filthy rich in
this kind of Monkey Business.
Crypto now as worthless as a pebble with no intrinsic value – and no assets to back any value. The Ponzi scheme has at last been exposed. If you have a scam that appeals to peoples greed you cannot go far wrong. The crypto religion is as false as all other religions. Did buyers ask themselves where the extra value of crypto came from ? Like any pyramid / Ponzi scheme it comes from – well nowhere ! The crypto chickens have come home to roost, and what poor scrawny chickens they are.
Bitcoin / crypto has turned into the 'sub-prime mortgage' portfolios that drove so many large financial companies into bankruptcy in 2008. Difference is that nobody is gonna bail out crypto companies and their investors – sorry guys, you bought a pack of poo.
Facebook also fall -70% is it also a scam?
“Crypto” has spawned careless coding that did not pass hacker vulnerability and TradFi Corruption. However, it showed that well planned DeFi exposes “corruption” and excessive leverage.
The other side of the coin is bearer instrument Bitcoin and deployment of new routing infrastructure supporting more secure internet transactions and specific Bitcoin Lightning Network with new transaction tools poised to take over trade.
Lightning also can support full backed stable coins in a transaction network with programability to support purchases opening new small business opportunity. With payment digitally held until delivery and acceptance of product or service.
This will challenge Amazon and other large corporate infrastructure. It levels the playing field between the small or medium business and corporate oligarchies.
For the average person, what does any crypto offer? It is not a faster or cheaper way of completing financial transactions. It is not a hedge to inflation. It has been hacked and stolen ad nauseum. It is not a store of value. Its just tulips and gambling. Yes a few have made stupendous fortunes in crypto – off the backs of millions of losers. Almost all news media crypto articles are self generated by the industry always looking for new money to come in to replace the losers leaving. The absolute majority of so called retail crypto investors have done little to zero research, they are just flinging their money against a wall hoping that something sticks. What will happen is that these young crypto investors will become very cynical about any kind of investing as they get burned.
Dear Joe. I am writing to you from Canada, to convey my deep appreciation for your excellent unbiased analysis of current events. I always recommend your channel and wish you and your family a very Merry Christmas 🎄
In the USA the Federal Reserve in looking in to creating a digital currency, The Fed website talks about Central Bank Digital Currency. The big banks in NYC are currently doing a test of this CBDC.
Former business partner alleges crypto exec offered them hush money for counterfeit scheme.
'They were actually creating fake, synthetic tokens'
A former business partner of the now bankrupt trading house Alameda Research, alleged that the trader’s former CEO Caroline Ellison, reportedly a romantic partner of FTX CEO Sam Bankman-Fried, offered the company $600,000 to stop investigating Alameda for trading counterfeit copies of the company’s cryptocurrency on the FTX exchange, on a Tuesday
evening episode of The Crypto Roundtable Show.
This dude just loves to hear himself talk…