Now we know. The only thing worse than the bad fiat money of the central banks is the fake crypto coins that Wall Street speculators threw into their steaming pots of speculation as the Everything Bubble reached its apotheosis.
Over the past week, of course, the whopping lie that cryptos were a new form of money aborning was blown to smithereens. Leading the plunging pack, of course, was Bitcoin. It has now made this fantastic round trip during the last 18 months.