Subject: Re: bitcoin a loser
Tulip mania.

Indeed.

And like the tulip bubble, this one may do a good deal of collateral damage when its bursts. I believe the intricacy of today's financial engineering is such that it is difficult to foresee exactly how the implosion of the bitcoin universe will impact the one I'm living in, but I fear it will be unpleasant. The Trump administration is friendly toward the bitcoin folks, and to the tech barons generally. It has also gone some distance toward dismantling the regulatory safeguards that were put in place after 2008. I think not owning bitcoin is not going to offer nearly as much protection as people may imagine.

Baltassar