Crypto currencies dismal record of hype followed by wealth destruction

[Elefant&Castle]

https://twitter.com/nayibbukele/status/1483194959989719059

[UniqueUserName]

If the root of all evil is money. If the reason for that is because it distorts communication from quality to quantity, then being able to attach qualitative information to money is a very useful thing. But it seems that the idea has gone a bit wayward:

[Hkemail888]

Just do like Nayib Bukele! Buy the dip and everyone becomes
a millionaire! Forget about rating downgrades and borrowing costs - screw that when you change everything to bitcoin in your country and it will go from 60000 to 1000000

[Hkemail888]

[Hkemail888]

As nayib says - we DGAF! Ignore anything that makes sense or ignore all about economics and finance - just buy the f***** dip! (I feel sorry for future generations in his country)

[hullexile]

If the root of all evil is money. If the reason for that is because it distorts communication from quality to quantity, then being able to attach qualitative information to money is a very useful thing. But it seems that the idea has gone a bit wayward:

The root of all evil is the love of money not money itself.

[Srashes]

Sorry been away from geoexpat for a while. So last time I did this was with Citibank Cash Back credit card on Crypto.com when they were running promotions. Since then, I am aware a few banks have started restricting the use of their cards to buy crypto (Citi, HSBC, SCB). ZA Bank still allows them.