Bitcoin Has Become A Victim Of Its Own Success

Bitcoin got so popular with institutions and spawned so many scams that’s it’s crashing alongside them

Jon Schwarz on Twitter: “If you bought $1,000 of bitcoin the day Matt Damon’s “Fortune favors the brave!” commercial came out, it would now be worth $375.

Bitcoin was supposed to be a rebellion against traditional finance, but now it’s another asset class. It was supposed to cutout bankers and middlemen, but it’s just created new ones. It was supposed to be a fuck you…