This is the Bitcoin price chart in US dollars this year:
And this is the equivalent chart for Dogecoin, which we might take as representative of the rest of this absurd so-called investment market:
The crypto party is over. Trump gave it a massive boost.
Now, most coins are heavily down this year, as is apparent. Dogecoin is down 50%.
Bitcoin is down overall, but tellingly, it is now tumbling as markets begin to realise just how overvalued cryptocurrency markets are, with no asset backing to support the hype that has been generated about them.
The recession is already happening in these assets.
Elsewhere, the bubble will soon burst. There was a serious discussion of a 40% fall in the value of tech stocks, with others being dragged behind in their wake, in the FT yesterday. This is the territory I have been talking about for some time.
The likelihood of a crash is now very high.
Expect that to be completely ignored by Rachel Reeves next week. Every one of her assumptions is going to be blown apart, very soon.
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You are being unkind on Rachel “just following orders” Reeves. She was not chosen on the basis of her “assumptions” (she has none) but on the ability to follow orders/keep happy: the UK finance sector (mostly non-UK owned), BoE (a wholloy owned subsidiary of the UK (foreign-owned) finance sector), big (mostly non-UK) business. Financially, the UK is managed for the benefit of foreign companies. Thames Water & its debt? Wholly foreign.
Obvs this must come out in discussions in polite society so UK serfs are provided with other forms of “entertainment” the latesst: immigrunts, immigrunts & jewelry, immigrunts make Brtis homeless, immigrunts cause long waiting lists etc etc ad nauseum. I am confident that the latest comments by a DLINO minister were to keep the immigrunt pot boiling. A discussion on UK finance “benefit UK citizens or foreigners” deary me no. Reeves a puppet of mostly foreign interests……..the UK taking back control. Yeah there goes another flying pig.
Indeed, see this mornings headlines from the G https://www.theguardian.com/business/live/2025/nov/18/stock-market-sell-off-ai-bubble-google-nvidia-ftse-100-bitcoin-business-live-news
Your prediction regarding ai bubbles & crypto collapses are starting to come true.
Side note, have you had chance to look over Tim Morgan’s theory,
https://surplusenergyeconomics.wordpress.com/professional-area/ I feel its an area you could probably both collaborate on, a sort if unified economics / energy theory if you like. The Theory to End all Theories… Economics wise… Regards, ed in devon
A Quick Look at his theory left me unconvinced. Sorry. The science felt wrong at many levels.
Added to Epstein, tariffs, ICE and inflation it could bring down Trump too.
Reading Nassim Nicholas Taleb’s Black Swan. He talks of Black Swan events happening post volatility when things have calmed down and people least expect it. Maybe there’s time in the tank still before the proverbial sh#t does hit the fan.
We’re talking soon, whatever happens now.
Trump obviously used the leverage of crypto for a short time and then got out – but at what at what cost to the American and world economy?
We seem to be in an age of financial anarchism.
Agreed