Hype Waves II

The New Republic‘s somber account of the Bitcoin Gold Rush is well worth a read (despite the troweled-on axiomatic leftism). It includes this chart of the recent undulations in the Bitcoin price (in US Dirty fiat):

bitcoin_graphic_fix

It’s a small chunk of history that could support any number of narratives at this point. This one, in particular, offers an alternative to terminal doom scenarios:

Hype-cycle

(Plenty of others seem to agree.)

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