Is something big happening to Cryptos?

Bitcoin is dominated by a small number of Chinese-owned miners. It is not used as a viable payment method anywhere with the highest fees and slowest transaction times among all cryptocurrencies. It is now manipulated by stablecoins like Tether, responsible for over 95% of its artificial trading volume. It consumes so much energy, like a nation, but delivers no meaningful benefit, except speculative gambling.
 

MicroStrategy loses money​

maybe they need to offload Bitcoins to shore up their accounts

 
Just In: Bitcoin crashes 5% within hours with over US$100 billion wiped out

 
Fait currency going for a morning road run, so looking for scapegoat to replace
 
Dr Christopher Cheok C S said:
Bitcoin is dominated by a small number of Chinese-owned miners. It is not used as a viable payment method anywhere with the highest fees and slowest transaction times among all cryptocurrencies. It is now manipulated by stablecoins like Tether, responsible for over 95% of its artificial trading volume. It consumes so much energy, like a nation, but delivers no meaningful benefit, except speculative gambling.
Click to expand...
Not only that. It's sucking the wealth out of the economy for unproductive purposes.
 
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