Imagine there was a public company. Let’s call it FunnyMoney Inc.

FunnyMoney didn’t do anything – it was just a share that people bought and sold. In short, a pubic company that only existed for the public to buy and sell its shares.

Yup, FunnyMoney did ZERO. It was just a share that people trade. And here is the first kicker: the hype is so intense that the market cap of all the shares in Funny Money Inc is around two trillion dollars.

People use this share to get drugs on the dark web, and pay assassins, and buy weapons, etc. This is all done anonymously and no government regulates the trade of FunnyMoney shares.

Yup, it is a free-for-all that has got a value of 2 trillion USD.

Yes, this is all hypothetical. How could this ever be a real thing … ?!

Another thing: it could all come tumbling down at any point but no one seems to care.

People send money from one country to another where there are exchange regulations, by trading FunnyMoney shares. It appears to have no rule of law. Just some kind of online just tech magic that bamboozles everyone, including the elderly, who want to buy FunnyMoney shares, because, well, the buzz is that it is a great investment. “It is all good” is what everyone says, including the US President. It must be a solid thing indeed!

And the craziest thing is that a tiny group of people hold 90% of the FunnyMoney shares and no one knows who these people are. Are they good, wholesome people? Who knows, and again, no one seems to care. As long as the money madness continues it is one big party. It is all just money money money.

There is one thing to keep in mind. For some technical reason (the subject of a future blog) the electricity required for the trade (transactions) of the FunnyMoney shares is very hectic, but again, who cares.

Now, think about Bitcoin for a moment. There is not much difference between this crypto front-runner and this hypothetical FunnyMoney story.

The truth about Bitcoin is that most transactions are about buying drugs and weapons and other illegal things. Circumventing exchange controls is another use case for Bitcoin. And for 99% of people it is a purely speculative investment fueled by nothing but hype. And Crypto gets even crazier and more hype fueled the further you get away from plain Bitcoin.

This new year ahead is going to be wild.

Stuff the fundamentals. It is time to party.

So keep on dancing, but make sure you are dancing very close to the door.