Fintech with Todd
Published in

Fintech with Todd

Understanding Market Manipulation

A critic of cryptocurrency made the statement, “Why is Bitcoin so valuable when it is based on nothing.” My response, “What is the US Dollar based on?” The answer is the same. Nothing. So why is the dollar, pound, Euro, Yen, and many other currencies valuable?

The answer is because everyone agrees that it is. This universal agreement is the same that gives value to gold, stocks, and every other…

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