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Bitcoin Crash Pits Wall Street Against `Shrooms


Bitcoin Crash Pits Wall Street Against `Shrooms
May 19 2021, 7:52 PM
May 19 2021, 4:35 PM
May 19 2021, 7:52 PM
(Bloomberg Opinion) The “Musk premium” has evaporated from Bitcoin markets, leading to the umpteenth wake-up call for anyone not on magic mushrooms: This is not the future of money. With price swings like a 26% fall in one month, the cryptocurrency is unlikely to be adopted as a widespread method of exchange any time soon. It’s about as useful as a chocolate teapot at the moment — you can’t even use Bitcoin to buy a Tesla.For thos.
(Bloomberg Opinion) The “Musk premium” has evaporated from Bitcoin markets, leading to the umpteenth wake-up call for anyone not on magic mushrooms: This is not the future of money. With price swings like a 26% fall in one month, the cryptocurrency is unlikely to be adopted as a widespread method of exchange any time soon. It’s about as useful as a chocol ....

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