The only use case of bitcoin is money laundering. But just that alone won’t get you a hockey stick curve. This is the 2017 versions of the tulip craze. If history is any guide, bitcoin price will continue to rise. Maybe a small set back or two just so people can point to them and say “see? it’s not a straight line up” and go back to party as usual. Price will go up to a level that even sane people like us will bang our heads on table and itching to go in.
Can we resist the temptation to buy in at $3,000? How about $4,000? What if it goes all the way up to $10,000? And every pundit will come out and say it’s a new economy blah blah blah. You say it’s a bubble because you don’t get it.
What is the use for bitcoin anyways??? You can use money to buy anything. What can you buy with bitcoin? Reminds me of the tulip mania. Buy at your own risk…
Still, her timing may be, to riff off her old catchphrase, not that hot. Hours after tweeting her involvement in LydianCoin, China declared ICOs illegal. Meanwhile, U.S. regulators have said they have jurisdiction over ICOs, and companies that raise money through the sale of digital assets will have to adhere to federal securities laws.
However, Hilton is far from the first celebrity to hype ICOs. Boxing star Floyd Mayweather and American rapper The Game have touted the diverse digital token sales over the past month alone.