Will we ever learn from our mistakes?
After internet stocks at the beginning of the millennium, after subprimes in 2007-2008, another bubble, that of cryptoassets, - the third for a single generation!
- explodes before our eyes.
A bubble?
It's a bit short.
It's a soufflé!
It's a hot air balloon!
All it takes is a bit of memory and discernment to see this, but investors often don't have any more than the Vicomte de Valvert has
“letters and wits”
with Cyrano
.
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“All trust could vanish”: at the heart of the cryptocurrency turmoil
Six months ago, the global crypto-asset market was worth over $3 trillion.
It's only worth $1.3 trillion.
The fall is dizzying.
The US Federal Reserve, failing to find the martingale against inflation, will at least have succeeded in raising its rates.
Proof, by the counter-example, that the breathtaking valuations of tech on the stock market were not the result of brilliant prescience, but more surely the result of a lax monetary policy such as…
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