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David Frum

@davidfrum ↗

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Last Checked May 20, 2022

Created

Fri May 13 03:02:42 +0000 2022

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807

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David Frum @davidfrum

Today's Bitcoin value of ~$29,000 is still almost triple its value pre-pandemic. The surge since 2019 seems mostly due to boredom, cheap money, and apocalyptic thinking. Which suggests: Bitcoin's not hit bottom yet. — PolitiTweet.org

Posted May 13, 2022

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David Frum @davidfrum

Today's Bitcoin value of ~$29,000 is still almost triple its value pre-pandemic. The surge since 2019 seems mostly due to boredom, cheap money, and apocalyptic thinking. Which suggests: there's a long way for Bitcoin still to fall. — PolitiTweet.org

Posted May 13, 2022 Deleted after 43 seconds Just a Typo

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David Frum @davidfrum

Bitcoin was advertised as a safe store of value in an inflationary crunch. We're testing that theory now, and it's proving utterly false. So what on earth is the point of bitcoin? It's like a macaroni umbrella: hold it over your head when it rains and it turns into a soggy mess. — PolitiTweet.org

Posted May 13, 2022

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