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Nobel Laureate Paul Krugman Calls Bitcoin ‘Total Bust’

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Nobel Laureate Paul Krugman Calls Bitcoin 'Total Bust'



Bitcoin’s dramatic selloff continues as the world’s biggest cryptocurrency wipes out all gains it has made since President Donald Trump’s re-election. Nobel laureate Paul Krugman, a City University of New York professor and Substack author, joins Bloomberg Businessweek Daily to discuss. Krugman’s most recent Substack post argues that Bitcoin and crypto could currently be seeing a legitimate “winter” due to political factors and asset hoarding. He also argues that if there’s going to be a Bitcoin collapse, it should happen now before it becomes too big and interconnected with other asset classes. Krugman speaks with Carol Massar and Tim Stenovec. Bitcoin tumbled below $61,000, as the unwinding of leveraged bets and broader market turbulence deepened a selloff that has wiped out all of the gains since President Donald Trump’s election set off a speculative rush into cryptocurrencies. 
The token sank as much as 4.8% to $60,033 in early Asia trade Friday, extending a sharp selloff to plunge to its lowest since October 2024. The rout has erased half of Bitcoin’s value since it reached a record four months ago and has spread to other tokens, related ETFs and companies like Strategy Inc. that hold vast sums of coins. The downturn has marked an abrupt retreat from Bitcoin’s meteoric rise through much of last year, when the return of the crypto-friendly Republican to the White House sent investors piling into such tokens and the Wall Street vehicles that have sprouted up around them. The market started cracking this month as rising geopolitical tensions sent tremors across global financial markets and curbed risk taking. That sparked Bitcoin’s precipitous decline from mid-January and set off a self-reinforcing cycle of selling as funds liquidated assets to meet redemptions and unwind leveraged bets.
“The fear and uncertainty across the market is evident,” said Chris Newhouse, head of business development at Ergonia. “Without conviction-based buyers willing to lean into the selling, each wave of ETF redemptions and liquidation cascades.” He said that’s “amplifying the magnitude of each leg lower and reinforcing the defensive positioning that’s keeping organic demand on the sidelines.” The slide has echoes of the one in 2022, when prices retreated sharply from the surge seen during the easy-money era of the pandemic as the Federal Reserve tightened monetary policy. It has already taken a toll on intermediaries like the exchanges Coinbase Global Inc., whose shares have tumbled more than 30% this year, and Gemini Space Station Inc., which said it plans to cut up to 25% of its workforce and wind down operations in the UK, European Union and Australia.
This time, Bitcoin and other cryptocurrencies are also seeing competition from other forms of speculation, like legalized sports gambling and prediction-market wagering on everything from politics to entertainment. At the same time, retail flow continues to chase zero-day options in equities and higher-yield crypto plays across decentralized exchanges.
The latest drop comes as digital assets face continued doubts about their real-world use, as well. Once touted as an inflation hedge or a rival to gold or the US dollar as a stable store of value, Bitcoin has continued to trade more like a high-risk asset and has failed to serve as a haven during times of financial market stress. In fact, its growing presence in institutional portfolios has at times made it more vulnerable to broad de-risking, particularly during bouts of volatility in tech equities and precious metals, like what has been seen in recent weeks.
“Momentum has taken over right now and crypto bear markets tend to end more in apathy than despair,” Ryan Rasmussen, director and head of research at Bitwise Asset Management. 
“We are currently in the despair phase of the drawdown,” he said. “That momentum has taken over.”

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Expiry Hero Zero Trade Nifty SENSEX | Live Trading | Banknifty Analysis | 16-Feb | #livetrading

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Expiry Hero Zero Trade Nifty SENSEX | Live Trading | Banknifty Analysis | 16-Feb | #livetrading



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ETHEREUM arrive sur un point critique! #ethereum #eth #cryptos

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ETHEREUM arrive sur un point critique!  #ethereum #eth #cryptos



ETHEREUM arrive sur un point critique.

Daily baissier.
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La décision approche.

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Testing Illegal Ways To Make Money

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Testing Illegal Ways To Make Money



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XRP NEWS TODAY: Locked Out! Why Banks Want XRP at $0.50 (Retail vs Wallets)

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XRP NEWS TODAY: Locked Out! Why Banks Want XRP at $0.50 (Retail vs Wallets)



#XRP #XRPNews #XRPToday
“In a market fueled by emotion and noise, we thrive on data and composure.”
Today, the XRP market is quietly shifting beneath the surface as infrastructure decisions, burn dynamics, and institutional positioning redraw the access map.
“While the retail crowd is chasing short-term price swings and social media narratives, we are dissecting the structural moves being made by banks and asset managers.”
“In this briefing, we decode:”
XRP Burn Rate Record: Nearly 1,000 XRP permanently removed in a single day signals rising transaction demand and real-world utility tightening effective supply faster than most models account for.
Supply Shock Setup: Accelerating burns, ETF inflows, long-term holder lockups, and institutional usage are aligning into a supply constraint scenario that retail pricing assumptions fail to capture.
Retail Access Risk: The emerging thesis that XRP could be restricted to institutional rails before 2028 reframes current prices as strategic entry zones rather than speculative noise, with 2027 as the base case.
Infrastructure Shift Confirmation: Franklin Templeton’s confirmation of the move from account-based to wallet-based finance validates tokenized rails like XRP as core settlement infrastructure, not optional experiments.
Regulatory Divergence Signal: As U.S. policy gridlock intensifies, selective approvals like Ancore Bank’s $635M launch reveal where capital and regulatory momentum are quietly accelerating behind the scenes.
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AI Bubble: How the data centre crisis risks triggering a financial crash | Ed Zitron

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AI Bubble: How the data centre crisis risks triggering a financial crash | Ed Zitron



“Data centres are going to be the next great financial crisis. They are going to be where this explosion happens.”

The success of every data centre deal depends on “perfection,” which is not possible in the construction industry, says author of Where’s Your Ed At and host of the Better Offline podcast, Ed Zitron.

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Live Streaming – Trading Bukan Untuk Semua Orang (Ini Alasannya) | Crypto Market Update | #Dyor

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Live Streaming - Trading Bukan Untuk Semua Orang (Ini Alasannya) | Crypto Market Update | #Dyor



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Disclaimer:
Semua konten yang saya share bukan merupakan Financial Advice. Saya bukan seorang Financial Advisor, analisa yang saya bagikan adalah spekulasi dan ide berdasarkan perspective saya pribadi. Technical Analysis yang saya bagikan merupakan spekulasi dan tidak ada jaminan PROFIT!

=================================
#bitcoin #altcoins #cryptocurrency #crypto #kripto #kevinsailly

=================================
Always DO YOUR OWN RESEARCH and don’t make any decision based on this video.

Cheers!!!

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BLACK MANU – MONEY OR LOVE (official video)

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BLACK MANU - MONEY OR LOVE (official video)



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Solve this Mystery, Win a Lamborghini

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Solve this Mystery, Win a Lamborghini



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I sold all my crypto except BTC and ETH #shorts

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I sold all my crypto except BTC and ETH #shorts



If you’re Ethereum, Bitcoin, or any digital payment systems, if you don’t have power, you got nothing. What I did recently is I sold twenty-seven crypto positions and just kept BTC and ETH, because the analysis is clear. You get ninety-seven percent of the entire crypto market’s vol in two positions. You don’t need anything else. The rest is all poo-poo. I took that capital and invested it in infrastructure, and that includes BitZero. The next five years, for me, it’s all about the power.

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I bought my first vehicle at 10 built a financial literacy bus! #schoolies #financialliteracy

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I bought my first vehicle at 10 built a financial literacy bus! #schoolies #financialliteracy



I bought my first vehicle at 10 built a financial literacy bus and learned early that mentors are the real cheat code to success watch this and learn why at CadenTeaches.com #financialgoals #financialliteracybus #teenentrepreneur #schoolie #mobileclass

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