WOW! Bitcoin is trading at $43K+ as of this morning. A year ago, after the FTX collapse, Bitcoin was trading at ~$17K. Now after SBF was convicted and CZ pleaded guilty, investors don’t seem to be bothered by the brazen crypto crimes and crypto prices bounced back hard across the board. It’s so interesting. I wonder who the buyers of cryptos are these days. I am definitely not one of them. I did make some money from BTC/ETH but I have no interest in trading digital tulips any more. There are a lot of productive small cap companies who are trading at deep discounts and I would rather invest in those companies. Can you imagine market capitalizations of Okta and Docusign are less than Dogecoin? How does that make any sense? I hope retail investors don’t get rekt again like the last time.
Comments
No posts