Bitcoin’s ‘Fire of Truth’ Gets Soaked by a Bucket of Water
The cryptocurrency is a poor substitute for cash in an inflationary environment.
MicroStrategy Inc. co-founder Michael Saylor, a symbol of hubris during the dotcom boom who has since gone full Bitcoin, describes the cryptocurrency thus: “A swarm of cyber hornets serving the goddess of wisdom, feeding on the fire of truth, exponentially growing ever smarter, faster and stronger behind a wall of encrypted energy.”