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Jack William Bell
Jack William Bell
@jackwilliambell@rustedneuron.com  ·  activity timestamp 2 days ago

I call bullshit. I believe #crypto crashing is *good* for the #economy and the only people hurt by cryto flatlining are a small number of terrible people who deserve it and a whole mess of idiots who didn't listen when we told them over and over and over…

> If Bitcoin Keeps Tanking, It Could Cause a “Death Spiral” for the Entire Economy. https://futurism.com/future-society/bitcoin-tanking-death-spiral

Michael Burry might be right about crypto selloff effects on the market, but if it does cause a crash? It's simply that final straw…

Futurism

If Bitcoin Keeps Tanking, It Could Cause a "Death Spiral" for the Entire Economy

Michael Burry warned that further losses for Bitcoin could put a major strain on the balance sheets of investors that overindexed on crypto.
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Internet Rando
Internet Rando
@mousey@mastodon.seattlematrix.org replied  ·  activity timestamp yesterday

@jackwilliambell they just want the water and the GPUs for LLMs instead.

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