What is there to say with Bitcoin above $100,000 for those of us who thought $10,000 looked nuts? After 15 years of crypto boom-and-bust cycles, rags-to-riches (and back to rags) stories, scams and bankruptcies, a carnival mood is back and hushing us naysayers. US politicians have joined the party: Donald Trump is appointing pro-crypto officials, eyeing a Bitcoin reserve and even hawking his own coin. So are punters, who are trying their hand and losing their shirts in the risky meme-coin market. Like the 18th-century carnival of Rome attended by the poet Goethe, where foolish behaviour save knifing and brawling was allowed, it's mystified tourists who are in the minority.
Esta historia es de la edición December 17, 2024 de Mint Mumbai.
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