Kraken CEO Confirms Bubble, Cites 'Unprecedented Buoyancy'

It appears the financial world has been shaken to its very foundations, as a prominent executive has courageously confirmed that, yes, the rapidly inflating asset class might, in fact, be a "bubble." This groundbreaking revelation comes from the CEO of Kraken, who bravely stepped forward to state the obvious, much to the collective astonishment of anyone who hasn’t been living under a particularly stable, non-volatile rock since 2009.

Apparently, the 'unprecedented buoyancy' that has characterized the digital asset landscape, specifically Bitcoin and its myriad cousins, might not be an eternal law of physics after all. One can only imagine the sheer fortitude required to acknowledge that a market known for its dramatic peaks and troughs — its "euphoric upswings and catastrophic declines," as a recent philosophical treatise on cryptocurrency put it — could indeed experience the occasional deflating event. We eagerly await further executive insights, perhaps on the precise moment when the water in the ocean is officially declared "wet." Perhaps the next pronouncement will confirm that a 'bubble' is indeed, by its very nature, prone to popping, a concept known to economists as the "Oh, dear" phenomenon.