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The Crypto collapse and the end of the magical thinking

At a guest lecture at a military academy when the price of a single Bitcoin neared $60,000, I was asked, as finance professors often are, what I thought ab..

Did Magical Thinking Born of Financial Crisis Fuel Rise of Crypto – Was it Actually Realistic Thinking?

Cryptocurrencies are "a manifestation of a magical thinking" born out of a financial crisis, said a finance professor. But, there may be something very real behind it. Though not intentionally, the professor may have made a case for the 'financial crisis' being ever-present as cracks in the system persist.

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