Burn it all down: There are no bailouts and no interventions. Bitcoin just is. And now it’s going to absorb the collapse of large parts of “crypto”.

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>The market just gets to do what it does best. It gets to relentlessly purge all the shit from the system.

>And it does so in a swift way exactly because there is no bailout, no emergency lending program, no secret meetings at the NY Fed, no phone calls to Warren Buffett, no TARP, no QE, no nothing.

They’ll still keep trying to regulate it


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