/biz/ - Business & Finance

Crypto is a misallocation of capital. The world is in an energy crisis. Crypto is not a commodity that can be turned into energy in a power plant. Bitcoin is the tide that raises all of the boats. Bitcoin requires a tremendous amount of power to mine. EU is kneecapping crypto because of this, and the rest of the West is soon to follow in a few more months. Smart money is accumulating shares in oil producers and uranium miners. If you buy crypto before the energy crisis is resolved, you're literally going to the poorhouse.

Biden fighting inflation by spending more.

https://www.zerohedge.com/geopolitical/g7-unveils-600-billion-global-infrastructure-plan-counter-chinas-belt-and-road

>>49747349
I guess this explains why the governments of Venezuela, Cuba, China and North Korea are accumulating gold. Oh...