Bitcoin bull Michael Novogratz is seeing the same rush of enthusiasm toward Beyond Meat that came at the height of the crypto bubble. The former Fortress hedge fund manager said while big ideas — like new alternatives to animal meat and money — capture people’s attention, they can also become drastically over bought. “Beyond Meat reminds me a little bit of crypto in 2017,” Novogratz told CNBC’s “Squawk Box ” Thursday. “You get great bubbles on big ideas. This is a great bubble.” The plant-based meat maker has been on a tear since its IPO in May. Last week, shares hit an all-time high of $208.48, a ...
Hm, I guess bitcoin at its best will remain just another asset
Heheh, love that: "like doggy doo no matter how scarce it gets you still not gonna want it"
What you mean utility?!? Who invented that crap? Can you eat gold, can you build cars out of gold? Still gold holds value ...