Bitcoin: Beanie Babies Redux

This is what used to be a $20 million market-capitalization company, a $2 stock that is now up somewhere between $6–8 (300–400%) on this press release. I have seen half a dozen stories like this over the last few weeks.

This coin/blockchain mania is not much different than the Beanie Baby mania of the late 90s. Beanie Babies were released in a limited quantity (the key word), and thus the price kept going up.


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