/biz/ - Business & Finance

Anonymous Tue Nov 14 14:38:57 2017 No.4363443 [View]
File: 37 KB, 1034x492, US interest rates.jpg [View same] [iqdb] [saucenao] [google]

We all know BTC isn't used by billionaires to buy apartments for their 15 year old asian gf. So what is it actually used for? ......... Drugs. Obviously, it's "secret" (crypto)currency for a reason.

So if BTC is almost only used for drugs, then why is it worth so much? Are that many more people buying drugs in the current year than 5 years ago? No. So why? ... ... ..... Because it's a bubble.

Remember the stock market? It's also in a bubble. Remember the housing and car markets? Also in a bubble. Wtf, everything is in a bubble? Well yes. Remember that interest rate thingy? Pic related. I wonder what effect that could have on asset prices. I wonder what will happen to these prices as the interest rates rise.

tl;dr - Yes, BTC is in a bubble and it will crash when everything else crashes. And when BTC crashes alts crash

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/biz/ - Business & Finance

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