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Darth Powell @VladTheInflator on x 96.2K followers
Created: 2025-07-08 18:53:40 UTC
The crypto pyramid scheme
Price depends on new buyers: BTC’s value rises mostly because people believe others will buy it later at a higher price (the "greater fool" theory).
Early adopters benefit most: Those who got in early (2010–2013) hold massive gains, often offloading risk to newer retail investors.
No intrinsic cash flow: BTC doesn’t generate dividends or yield — its price is purely based on market perception.
Narrative-driven: Like many speculative bubbles, BTC relies on belief systems (e.g., "sound money," "digital gold") that incentivize spreading the gospel.
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