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Classic clickbait. The NYT has absolutely not capitulated. At all.
Read the actual article yourself:
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From the actual NYT article:
a crypto enthusiast’s biggest mistake would be to think of owning it as actual investing. Investments, he said, either have earnings (like a company, whose stock you own) or create income (when the company pays a dividend on its stock). Crypto does neither, unless you sell it for a gain.
This is all 100% correct.
But on the flip side, you have millions of Americans who treat their house as an investment, depsite the fact that it provides neither earnings nor income -- it's just a building. At most you could "sell [your house] for a gain."
When are we going to see NYT articles advising people to stop pouring their lifesavings into the house you live in? Probably not until long after the housing market has crashed and everyoen who could sell already has.
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Yet they were slagging of the pro bitcoin presidential candidate in Argentina as "far right". They haven't capitulated yet.
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Moreover, they are here and in nostr
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