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Jonathan Levy

Big tech gets derailed

Jonathan Levy traces the origins of the tech sector's recent turmoil to the nineteenth century rise of the corporation

25th Nov 22, 11:51am

by Guest

Jonathan Levy traces the origins of the tech sector's recent turmoil to the nineteenth century rise of the corporation

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Bitcoin, the digital “currency” isn’t really a currency. That is, it can’t be used as a medium of exchange - there are very few things you can buy directly with Bitcoin - and it isn’t a stable store of value with reasonably predictable future purchasing power. So it’s basically useless - as JPMorgan Chase's Jamie Dimon says, it’s a pet rock.

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