Given your disdain for Bitcoin and other crypto currencies, I guess it's not surprising that you don't appreciate the symmetry of market forces as they relate to fiat currencies and cryptos, Bill.
Fiat currencies, the world over, are in trouble. Mismanaged by inept politicians and even more inept central banks, they are all losing value as inflation roars on and a massive recession (if not a depression) looms ahead. The appeal of crypto currencies, on the other hand, increases. The decentralized nature of cryptos, the lack of government control and oversight, and the ultimate control that one has over one's own money, make them ever more desirable.
Fidelity's move last week, allowing its investors to include Bitcoin in their portfolios, is a shot across the bow to the world's fiat currencies. If the public's attention hadn't been so preoccupied with inflation and the war in Ukraine, Fidelity's announcement would have sent shock waves around the world. As it is, it went virtually unnoticed. The wise, take note.
You forgot to mention that Eddie Lampert made $1.4B on his Sears investment while shareholders went broke. So there’s that anyway.
Another bloodsucker destroys a great company. They have no soul.
Bill has mentioned in the past.
Unfair, Sears died not because of the store but ownership and get rich management cashing in on free money and having no desire to improve.
Given your disdain for Bitcoin and other crypto currencies, I guess it's not surprising that you don't appreciate the symmetry of market forces as they relate to fiat currencies and cryptos, Bill.
Fiat currencies, the world over, are in trouble. Mismanaged by inept politicians and even more inept central banks, they are all losing value as inflation roars on and a massive recession (if not a depression) looms ahead. The appeal of crypto currencies, on the other hand, increases. The decentralized nature of cryptos, the lack of government control and oversight, and the ultimate control that one has over one's own money, make them ever more desirable.
Fidelity's move last week, allowing its investors to include Bitcoin in their portfolios, is a shot across the bow to the world's fiat currencies. If the public's attention hadn't been so preoccupied with inflation and the war in Ukraine, Fidelity's announcement would have sent shock waves around the world. As it is, it went virtually unnoticed. The wise, take note.
think how happy the inequality warriors must feel now that Bezos fortune is down a few billion.
The nail on Amazon’s coffin will come when the Democratic party breaks up big tech!
Unless of course, Bezos comes out of retirement, like Tom Brady, for one last Hail Mary play. 😂
sell on the bounce.