Bitcoin ‘Scam’ Myth Exposed: How Prospect Theory Explains Investor Panic and Losses
Calling Bitcoin a scam reflects investor psychology, not fundamentals, with prospect theory explaining panic selling after sharp drops. Bitcoin (BTC) critics have returned to a familiar refrain, calling the asset a scam as it struggles to go back to the five-figure level it last enjoyed in mid-November. However, crypto commentator Shanaka Anslem Perera has reframed...
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