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.
