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Where is the crypto market headed?

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'Bitcoin has gone from being mocked and reviled and made fun of over the years and has grown into a global powerhouse all on the power of people,' Melt_Dem says of what's behind bitcoin's record rally. Watch the full interview:

 

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Melt_Dem I think everyone still mocks and makes fun of Cathie's magic tokens.

Melt_Dem 50k ..wrong time to talk

Melt_Dem First, the US dollar was backed by gold, which has extrinsic value. Then it was backed by the full faith and credit of the US, which is the 1 economy in the world. What is Bitcoin backed by, the full faith and whims of geeky tycoons?

Melt_Dem bitcoin is a bubble from all the cheap money being printed over the last decade. In the last week it's down 17%.. and this fad will ruin many and uses so much energy to create. It's air and very expensive air.

Melt_Dem Rubbish

Melt_Dem “power of people” = emotions. Would you invest in an asset thats value is solely derived from prevailing “emotions” about it? No thanks.

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