2026-02-05XThread

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Back on oct 11, 2018 ($BTC $6,250) he wrote this “famous tweet,” near the low. Now he is back with the same argument at $70k. Into the darkness of breaking below $70k is some hope. https://t.co/sSzJN56p8F Same argument again at $18k in 2022.

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Bitcoin now below 19k, a 72% crash from its all time high in November 2021. 1000s of other shitcoins have lost 99% of their value and disappeared. And even the other Top 10 “cryptocurrencies” have lost 80-90% of their value from their ATH. This Ponzi house of cards is collapsing
Nouriel ↗

The Crypto Apocalypse Out of 20k ICOs: 80% of them (16k) were a total criminal scam in the first place - steal the money and run - based on results of an academic research paper. Another 18% of them (3.6k) went to zero and collapsed . Of remaining 2% (400) that survived those below the top 10 have lost on average over 90% of their value since their peak . Of the top 10 : Bitcoin is down 45% from peak, Ethereum is down 55% from peak, XRP is down 60%, Solana and Dogecoin are down 65%, Cardano is down 75%. “Stablecoins” like Tether are now breaking the buck and trade below par. While dozen of “stablecoins” went totally bust in last decade. Memecoins - including $Trump and $Melania - are down 95% . NFT indices are down 95%. Pump & Dump, Wash Trading, Ponzi Schemes were 99% of crypto standard operating procedure. Now this whole Ponzi scheme house of cards is unraveling . Read my recent column on why and how: https://t.co/ju7HIqPOgW
Nouriel ↗