New life is being pumped back into what will surely go down in history as the biggest financial scam of all-time, cryptocurrencies and related products. You have who I believe is the 21st century real-life Gordan Gedko, Larry Fink of Blackrock, to thank for this.
First, this video is by far the single-best review of what really happened in “Act 1” of the Cryptomania:
Larry Fink and Blackrock are a extremely mighty force in the financial world, and have used that power to greatly influence social and political actions as well.
As the video clearly pointed out, Bit-con and so many other crypto-related products, failed miserably to live up to the claims of actual valuable usages.
Yet, Mr. Fink and Blackrock have done a “180” on their opinion of it. Since it’s viability fell well short, what could motivate Fink/Blackrock to now back what they once called an “index of money laundering”?
How far can this pump take Bit-Con:
Your guess is as good as mine. But with the Gordan Gedko of the 21st century, combines with the biggest crypto huckster of them all, Michael Saylor, I suspect the trillion+ already loss to “money-heaven”, has much further to go before it’s all said and done.
Between now and year-end, look for the Bitcoin Maniacs to hyped another run-up, only this time, I doubt they can get it much passed $50k. If they’re successful, give yourself a Christmas present and be out by years-end. Trust me, the hypesters will be.