On a related note, I would recommend anyone interested in cryptocurrency to watch Jim Cramer explain how he manipulates stock futures: The NYSE, as of last year, had about $18 trillion in market capital. The whole of the cryptocurrency market right now is under $100 billion - Ethereum and Bitcoin together are worth about as much as Paypal. More importantly, the number of investors in Paypal is much higher than the number of investors in Ethereum and Bitcoin together, and those investors are subject to rules and oversight that will likely never touch crypto. See this guy? His name is Michael Novogratz. Crypto nerds love him. Why? "Billionaire Fortress Investor: Cryptocurrencies Will Be Worth $5 Trillion by 2022" You can search, though, and also find "Investing Legend Calls Cryptocurrencies "Biggest Bubble Of A Lifetime"... But There Is A Catch" Here's how easy it is: In between the ZeroHedge report and the Bloomberg article quoted, "Tyler Durden" injected this: Take that quote and inject it into Google. It will find you everyone quoting Zero Hedge, and nobody noticing that they fuckin' made it up. And it's spreading. Because someone wants to short crypto. It's that easy.
But today, Bloomberg reports that at the CB Insights Future of Fintech conference in New York, Novogratz told attendees that he has cut holdings (in Bitcoin and Ethereum) after the cryptocurrencies' latest "spectacular run," warning that "Euthereum had likely hit its highs for the year," and "cryptocurrencies were likely the biggest bubble of his lifetime."