The Bitcoin mania: phase two

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Greetings, my fellow greedy bastards sensible folk who care so much about their own pocket the world's well-being! From $25,000 last year to a fantastic $48,000 as of now! This is what the price curve of the world's largest cryptocurrency, the bitcoin, has looked like in recent days.

The crazy world of global finance has entered yet another debt spiral, probably the biggest one in decades, and investors are trying to hedge their options. Turned out all those early enthusiasts, who for years had predicted that the bitcoin would become a safe haven for the stumbling ship of the financial world, have actually come out right. The problems as they were 3 or 7 years ago are still here of course, but today's picture is rather different for us to just keep ignoring the new big player at the global financial scene.

We live in world where the 3,000-year history of gold as a bulwark against inflation and the often economically inexplicable actions of governments is being challenged, to put it mildly. Financial security seems to have a new name. Or does it!?

( So how did we get here? )