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@automaton
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The more insidious question to ask: Is fiat in a bubble? Although there are some parallels to the dot com bubble many differences remain specifically vendor/unsecured fiat credit. I have yet to see unsecured credit offered at my bank to purchase crypto. Credit is always the main driver of bubbles. Although I think we may be at the point of legacy crypto credit offerings. Once this occurs we can revisit the bubble discussion. By then bitcoin might be approaching $200,000. :)

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