Let’s start with the farce. Crypto, hailed as the libertarian’s sword against central banks, has morphed into Wall Street’s newest casino. A $4 trillion notional market—mostly backed by nothing but hype and human gullibility—still pales compared to the $12 trillion in U.S. Treasury debt held abroad. But it’s more than that. It’s evidence of mass delusion, a population so desperate to escape the decay of fiat that they'll embrace anything wrapped in tech mystique and a whitepaper. Sure, Bitcoin's origin story—a reaction to the 2008 banker heist disguised as a bailout—is noble. But today? The ecosystem is run by venture vultures, regulators on payroll, and data-mining exchanges masquerading as liberators. And when crypto companies like Robinhood rocket 500% in a…
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