We have eclipsed peak insanity. In just two months, 98 companies have raised $86 billion to buy cryptos. A Japanese hotel operator, a French semiconductor, a Florida toy maker, a nail-salon chain, an electric-bike maker—all plowing cash into tokens.

No business. No employees. No sales. No product. Just raise cash, buy a shitcoin, and get rich. cc: @OHare888 @JoeCarlasare