Isn't this pretty much the same as taking a loan at a bank and buying bitcoins? Couldn't the "bubble" be explained by extremely low interest rates?
Banks create money out of thin air when you take a loan. The only difference is they destroy that newly created money when you pay the loan back (but keep the interests).
Banks create money out of thin air when you take a loan. The only difference is they destroy that newly created money when you pay the loan back (but keep the interests).
See : https://positivemoney.org/how-money-works/banking-101-video-...