Bitcoin is in a bear market. Let’s not beat about the bush, or try to spin it. The price is falling – it fell 10% just while I was asleep last night and it’s already almost 40% off its highs.
If it looks like a duck, swims like a duck, and quacks like a duck, then it probably is a duck. It’s a bear market.
So what happens next? How long does it go on for? Where does it fall to? And, most importantly, what do we do?
Bitcoin is on the slide. But what do you do about it?
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How Zimbabwe’s cartels extract ‘rent’ from Zimbabwe’s poorest and make the elites richer
Source:
MAVERICK CITIZEN EXCLUSIVE, PART TWO
Illustrative image | Sources: Zimbabwean President Emmerson Mnangagwa. (Photos: Waldo Swiegers / Getty Images | Flickr / Elena Kis | EPA-EFE/AARON UFUMELI | Luke MacGregor/Bloomberg via Getty Images | Cynthia R Matonhodze/Bloomberg via Getty Images
The publication by Maverick Citizen of the Report on Cartel Power Dynamics in Zimbabwe has raised some important questions about the presence and impact of cartels in Zimbabwe in particular and Southern Africa in general.
The report finds that there is consensus across political parties, academics, and wider society that cartels “go against the public interest” and are characterised by collusion between the private sector and influential politicians to attain monopolistic positions, fix prices and stifle competition.