History is not on the side of the crypto’s grave dancers | Sovereign Man

The price of Bitcoin is now down ~70% from its most recent peak. And, almost on cue, the crypto grave-dancers (like Bill Gates) are now insisting that they were right for predicting its demise.

There will be plenty of crypto businesses, and many tokens themselves, that will (and should) go bust.

But there are still plenty of great projects and great ideas out there– most notably, the fundamental idea of having a decentralized financial system.

Our traditional financial system, dominated by clueless politicians and out of touch central bankers, has been a total disaster. It is responsible for the record-high debt and record-high inflation which are disrupting the lives of literally billions of people.

History is not on the side of the crypto’s grave dancers | Sovereign Man