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Lambert here: Given how common fraud is in these financialized Americas, it’s no surprise that Bitcoin is popular and increasingly normalized. Not that I'm in
Bitcoin’s market capitalisation reached new peaks in November 2021. This column suggests it is hard to find arguments supporting the cryptocurrency’s current valuation. Even if the financial stability risks of a Bitcoin collapse could be contained, the burst of the bubble would imply painful losses for many retail investors and society at large. The authors conclude that