What the dot-com bust can teach us about the crypto crash
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The economist Benjamin Graham, known to some as the father of value investing, once compared the market to a voting machine in the short run and a weighing machine in the long run. While Graham likely would have been skeptical at best about crypto and its built-in volatility had he lived to see it, his economic theory nevertheless applies to certain aspects therein. Since the emergence of altcoins, the blockchain space has operated almost exclusively as a “voting machine.” Many projects have, by and large, been financially unsuccessful and even detrimental to investors and the space at large. They have,
The spectacular implosion of the Terra ecosystem in mid-May left the crypto industry scarred. Though there were some brave critics who understood just how thin the razor’s edge was for TerraUSD (UST)... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]…
Polkadot (DOT), one of the oldest altcoins in the cryptocurrency market, is back in the spotlight today following a hacking attack. While this attack didn’t directly target the Polkadot network, it prompted action from South Korea’s three largest cryptocurrency exchanges. At this point, the country’s three largest exchanges, Upbit, Bithumb,…