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I didn’t think the prices of all of the cryptocurrencies were about to go to zero, or that we’d never see another hot new coin mint overnight billionaires. On the stock market, pump-and-dump scams have persisted for hundreds of years, and yet there are still new suckers willing to buy shares in some shell company that claims to have struck gold. The one coin I especially wouldn’t bet against is Bitcoin. It’s not that it’s useful—if anything, it’s more unwieldy than the others. But Bitcoin’s true believers are so convinced that it’s hard to imagine anything will change their minds. To them, ...more
Number Go Up: Inside Crypto's Wild Rise and Staggering Fall
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