Signs of the forthcoming apocalypse

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In no particular order:

  • Bitcoin (1) existing; (2) having a value greater than nil; (3) staying in existence for even after one obviously speculative bubble in 2018 (4) continuing to stay in existence for three years; and (5) having another blatantly obvious speculative bubble, three times bigger than the first one; (6) TESLA blowing a billion and a half on bitcoin at the top of the speculative bubble.
  • Tesla having a market cap of $800bn (the same as the total market cap of the next NINE biggest auto manufacturers)
  • Special purpose acquisition companies.
  • Talk of “liberalising” London’s listing rules to allow for SPACs
  • Non-fungible tokens are selling. Even ones of an artwork actually called “Morons”.
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