The fatal flaw of crypto is that, unlike anything else traded on the markets, it doesn't give you leverage over anyone. Think of crypto like dust in your pocket: it is outside government or bank control, but holding it cannot compel anyone to give you anything. With food, energy, real estate, precious metals, consumer electronics, or digital tools like software, you have such leverage because people need those things to satisfy their needs and wants. With stocks, bonds, or casino chips, the issuers are legally bound to provide future cash flows or cash redemptions. With fiat money, which banks issue as debt, private and public sector debtors depend directly on you to meet their obligations and avoid foreclosure, repossession or bankruptcy. With any of these things, you hold leverage over individuals or institutions, and the more you hold, the greater your leverage becomes. For instance, with 1 USD you have small leverage over debtors in the US banking system, but with 100,000 USD you have leverage that keeps debtors from having three brand-new cars repossessed. With crypto, however, you remain as powerless as you are with dust in your pocket. Whether your app shows 1 BTC or 100,000 BTC, your leverage over anyone remains zero. Yet, you had to give up a hundred thousand times more leverage to acquire the latter. And therein lies the fundamental absurdity of crypto: is the only tradable thing whose price can multiply a thousandfold while your leverage over the world remains exactly zero. You don't become more powerful, just heavily invested in the illusion that you are. -Software-41
CryptoAlerta — análise de criptomoedas e mercado em tempo real