If it is not already patently obvious, and has been for a couple years, it would seem we have entertained the Crazy Town section of Crypto-Land.
We have jumped the shark, crossed the Rubicon. We are over our skis and out of our minds.
A couple days ago, so-called investing legend David Portnoy, held an “emergency news conference” to reveal his latest cryptocurrency purchase.
After teasing his followers with a variety of choices, Portnoy revealed that he had purchased $40,000 worth of “safemoon,” a “currency” for which he had no explanation and no idea as to whether it was a Ponzi scheme or a legitimate token. And he bought, if my math is correct, about five billion of them.
At the time of…