6 Comments
User's avatar
Mark In Colorado's avatar

I can see crypto leading to a broader market crash.

Being unregulated, it appears to be a Ponzi scheme, a haven for obscuring the funds from criminal activity, and a way to hide wealth.

Expand full comment
Jean in Florida's avatar

If it looks too good to be true, it’s too good to be true. There are too many folks who want to get rich quick & will jump right on this Ponzi scheme & lose their hard earned dollars in the end.

If the money that lobbyists & corporations spend on influencing congressional members was spent on helping working-class Americans, it would be a much better world for all of us.

Expand full comment
A. Hofferkamp's avatar

What's next? Using crypto to invest in retirement accounts? Making crypto the standard instead of the dollar?

Expand full comment
Andrew's avatar

This will probably end up being Trump's Act 2 to Covid - a massive financial crash along the lines of 2008, thus securing his legacy as the absolute worst president in US history - not that that point was in contention.

Expand full comment
Elizabeth Graham's avatar

What could go wrong? EVERYTHING Trump touches is criminal - fraud, 34 felony counts, and so on. Every single business venture he touches goes belly up. And if the Russians had not bailed him out of a seventh bankruptcy, he would be sitting on the pavement of 5th Avenue with a tin can. Both his elder sons have ignorantly bragged about funds received from Russian banks - saying that the Trump Organization's most of their revenue comes from Russia. (www.vanityfair.com and www.businesinsider.com) American banks refused to loan to him due to six bankruptcies. Russian banks and finance in Russia is the opposite of the United States. Every single bank is managed by the FSB which is controlled by Putin and he gives money to a foreigner for two reasons: launder black cash or bribery. Since Trump is now voting to support Russia at the UN - a first for the United States, it is even more obvious that Trump has been bribed and controlled by a country that wishes to destroy the United States - that makes him a traitor.

Expand full comment
Jonathan Reiss's avatar

Crypto bought DC even before it bought Trump.

Expand full comment