A celebrity, with money to burn, might buy an NFT to use as an avatar. But it seems “really, really weird” that NFT trading reached billions of dollars at the peak of the mania. One wonders what will happen when reality starts to return to the valuations of the 10 FAANMG+ stocks currently boosting the S&P 500.
Chemicals and the Economy
Chart of the Year: Bitcoin, the logical end for stimulus policies
Last year it was the near-doubling in US 10-year interest rates. In 2015, it was the oil price fall. This year, there is really only one candidate for ‘Chart of the Year’ – it has to be Bitcoin: It was trading at around $1000 at the start of 2017 and had reached $5000 by August […]
Jump to page: