Wolf Richter: The Big “Buy & Hype” Bitcoin Casino

Wolfstreet, Released on 2/22/21

In 2012, dude offered to buy my book for 1.5 bitcoin, a “Monetary Revolution” that “doubled in 4 months.” I’d just need to hype bitcoin on my site. That’s still how it works. And big highly leveraged players have jumped in.

Wolf Richter is the founder of Wolf Street Corp and the publisher of WolfStreet.com. Wolf has over twenty years of C-level operations experience, including turnarounds and a VC-funded startup. He has a BA, MA, and MBA (UT at Austin). In his prior life, he worked in Texas and Oklahoma, including a decade as General Manager and COO of a large Ford dealership and its subsidiaries.

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Makes perfect sense. Bitcoin is a scam/scheme. It depends on someone willing to pay more for it than what you did. Many are going to be left holding the bitbag of nothing when there are no buyers. It’s rise in price will eventually be it’s downfall. No way the govt. is going to allow this to replace the current $ system..