CRYPTO'S, ask not..................from Rico

Crypto's took a beating yesterday. Again.

- But ask not why they went down so much, but rather why the went up so much in the first place?

 

Unlike other investments/assets, Crypto's have NO valuation metrics save for price. What does that mean?

- It means BTC at $20K is the same as BTC at $4.5K. Not much.

- It means Crypto's are a self-growing Liability, not an Asset. [Think: A-L=E...Assets minus Liabilities equals Equity aka Net Worth.]