After the biggest day since December 2017, Bitcoin just crashed over $1500 in minutes, dragging the rest of the crypto space with it… Erasing the day’s gains and then some… As Tom Luongo warned earlier, this run up towards the end of this month into the end of Q2 may be morphing quickly into a FOMO rally that could see a blow-off top in the near future. As an article by John Skar published at the Lew Rockwell website points out, the confusion is understandable when you look at the origins of bitcoin. The original bitcoin white paper by Satoshi Nakamoto described a digital currency produced on a unique-to-bitcoin blockchain platform. ANTI-STATE • ANTI-WAR • PRO-MARKET. Political Theatre. DHS Gives Millions in Grant Money for Far-Left Orgs To Demonize Trump Supporters as White Supremacists The sage Burt Blumert once wrote about chartists, I’m talking about those arrogant snobs who promote the belief that the future performance of markets can be predicted from analyzing yesterday’s lines and dots on a page. This group is deadly dangerous: They leave empty bank accounts and broken spirits in their wake. Look, if there are customers willing to pay the Gypsy lady to read tea ... My article was reprinted by Lew Rockwell on his site here. The total value of all cryptocurrencies is in the range of $300 billion. To understand how insignificant this is, consider the total value of other currencies and potential currencies. Gold: $11 trillion Coins, banknotes, and checking deposits: $35 trillion Total world money: $95 trillion
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