The latest mainstream financial media effort to discredit Bitcoin landed on the cover of Bloosmberg Businessweek: Bitcoin and Unicorns. The message is clear – both are the fantastical products of magical thinking – neither to be taken seriously.
Well whilst we’re on currency analogies – lets compare the US Dollar to The Emperor Wears No Clothes. Because that’s basically what the USD amounts to at present.
As Warren Buffet said: “Only when the tide goes out do you discover who’s been swimming naked.” And the tide has to go out one of these days. The Sea of Liquidity cannot defy the basic rules of economics forever.