The Stock Market against Bitcoin and Ethereum, who will win?
Goldman Sachs, responsible for much of the U.S. and global economy, has only a $ 67 billion market cap.
Snapchat, which is responsible for wasting teenagers' time without money, has a market cap of $ 33 billion.
Ethereum is responsible for giving you literally free money for flash loans if you know how solid $ 25 billion solidity is.
And Bitcoin, the first debt-free money since Abraham Lincoln's banknotes, is worth about a tenth of what Google, the advertising company, said.
We may be a little biased, but with a company that makes $ 8.5 billion in profits every year, Goldman Sachs, something is wrong that is worth twice as much as a company that loses a quarter of it Billions a quarter. , Snapchat.
Google makes a huge profit, about $ 10 billion a quarter, but it's worth a lot more than the entire US banking system, although only four banks make a profit of $ 100 billion a year.
While Google et al. The homepage of everyone is, the same four banks control derivatives worth $ 200 trillion.
However, they are worth much less. For example, JP Morgan, who broke $ 40 billion in earnings last year, has a market cap of less than $ 300 billion for Google's $ 1.6 trillion.
What is going on at the old congested stock exchange? What is all this distortion open enough for everyone to see?
The complete separation between the stock market and the economy has recently become a meme. Equities hit a new all-time high, while the economy is expected to shrink between 10% and 20%.
We are told that stocks are part of the real economy, that they are valued in real terms like earnings, while Ethereum is a "speculative" asset that is based on "nothing".
This lie is now available to everyone, but what is much more difficult to spot is the relief of lies and fraud inherent in the system.
Not because of a system diagram or layout, but because of the limitations of the previous system, the paper system, and its digital equivalent of easily modifiable databases.
For example, what can prevent Goldman Sachs from saying that a million shares are in circulation when it is actually 10 million, or vice versa?
There are clearing houses, audits and Enron, Wirecard. Wrong signatures, a charismatic type, a dazzling and impressively good dinner with, for example, the chairman of the SEC or the man who oversees everything, and we have a fiction.
Nobody can deny that this is happening. Of course, they can deny that there is orchestration, but they cannot deny that there are bugs and weaknesses in the system and that these flaws have been exploited and that there are no ways to prevent them due to audits and the like. can be deceived or deceived.
Manipulation, this guardian of the old system, Bloomberg, calls every time he mentions Bitcoin or Ethereum. While his youngest cousin, Motley Fool, said today with joy and as if he were in a choir to forget Bitcoin and go public.
However, can it reasonably be denied that the stock market is the most manipulated in the world, not only in terms of prices but also in terms of the fundamental issues of the number of stocks? .
Short sales, the curse of Elon Musk, are literally the "sale" of stocks that don't even exist.
It’s very, very shallow. Almost no one has the actual stocks, except for brokers that are usually banks, like Goldman Sachs.
Who can say how many of these Sachs shares are sold double, triple or even the same share unit to 10 people?
Of course, listeners like the Triple-A agencies or the President of the SEC who is practically employed by them. Perhaps the 18th-century congressmen, who are probably old enough not to remember what they had for dinner, while the younger ones worry about the color they wear. And even if they were all angels, there can still be a charming demon who deceives everyone.
The new system
Ethereum in particular, but also Bitcoin, is still very new. It even takes time to understand the basic differences between the old paper system and the new encryption system.