Crypto is Dead and it’s Not Coming Back under President Biden
Only Trump has the power to revive crypto.
I feel sorry for the people who committed suicide over their Luna investments. Say all you want about the state of financial knowledge in this country — it’s low — but real people with feelings put their entire life savings into crypto. And there’s no insurance backing their investments up. Imagine saving for years and years, throwing it all into crypto thinking you’re going to get rich like a few lucky people did last November with Squid coin, and then waking up….poor as fuck.
Crypto history is…convoluted, at best. I remember back in like 2011, the first mention of Bitcoin intrigued me. I don’t think I bought any coins. At least, I certainly hope not. I’d rather not know, because there’s no way I’d ever remember which walet I invested in, or what my credentials for logging in were. Oops.
But now crypto has taken off. And the implications are huge. Should crypto ever replace the traditional dollar one day, what will happen to the world of finance? Since crypto is decentralized, power will be drawn away from the dollar. This could potentially entail the loss of state power, unless crypto were regulated by the Federal Reserve at some point. But then that’d just contradict the whole purpose of crypto.
While crypto has stoked my curiosity, I haven’t bought any. My husband has. He has a large portfolio that includes everything from MATC to Ethereum to SHIBA. Also, the night of the Luna crash, we noticed that it was growing and growing and growing before that. We did what all responsible people do and put 40 dollars into it. We watched it grow to over 200. Sadly, we didn’t freeze our investments in time, and in a span of two hours, our Luna investment went from $210 down to 0.50 cents…
I don’t know what the future holds for Crypto. All I know is with the current Biden-inspired inflation bullshit, it’s not going to come back under these circumstances.
Whether you want to admit it or not, Trump was great for the economy. He was great for Crypto. There’s no mistake why Elon Musk is a fan of Trump. He was ballsy enough to do whatever he could to bring back American jobs, strengthen the dollar, and lower inflation. While Trump…