WebJan 16, 2024 · All those new investors and crypto owners may nurse a grudge against capitalism, rather than understand the perverse world they were born into. The end of … WebJan 16, 2024 · The end of magical thinking is upon us as cryptocurrencies and valuations are collapsing — and that is good news. Vested interests will resist that trend by continuing to propagate fictions. But rising rates and a return to more routine business cycles will continue to provide the rude awakening that began in 2024. What comes next?
Failed crypto giant FTX
WebJan 16, 2024 · All those new investors and crypto owners may nurse a grudge against capitalism, rather than understand the perverse world they were born into. The end of magical thinking is upon us as cryptocurrencies and valuations are collapsing — and that is good news. Vested interests will resist that trend by continuing to propagate fictions. WebThe Crypto Collapse and the End of Magical Thinking The New York Times - Mihir A. Desai • 1d At a guest lecture at a military academy when the price of a single Bitcoin neared $60,000, I was asked, as finance professors often are, what I thought about cryptocurrencies. Rather than respond with my usual skepticism, I polled the students. rca reversing camera
The Crypto Collapse and the End of the Magical Thinking That …
WebJan 16, 2024 · By on January 16, 2024, 9:24 am I have come to view cryptocurrencies not simply as exotic assets but as a manifestation of a magical thinking that had come to infect part of the generation who grew up in the aftermath of the Great Recession — and American capitalism, more broadly. WebThe Crypto Collapse and the End of the Magical Thinking That Infected Capitalism ... If there is magical thinking with regard to technology architecture and arguments as to the practicality of ... r caret cluster analysis