How 2020 set the stage for the 2021 bitcoin bubble – Amy Castor

I try to read both sides of the crypto story – the believers and the critics. Amy Castor and David Gerard have just dropped a new post offering a detailed update of the argument that a lot of crypto (and DeFi) is mostly a Ponzi scheme.

The TL;DR is “there’s no money left, and no more coming in” according to Amy and David but their long answer can be found here and is (I believe) worth reading whatever side of the debate you sit on.

The post admittedly plays to my sceptical bias on crypto and DeFi but let me know what I am missing.

Tony – From The Outside

P.s. if you want to hear the other side then “The Breakdown”, a podcast by NLW, is one of the sources I rely on.

Author: From the Outside

After working in the Australian banking system for close to four decades, I am taking some time out to write and reflect on what I have learned. My primary area of expertise is bank capital management but this blog aims to offer a bank insider's outside perspective on banking, capital, economics, finance and risk. View all posts by From the Outside