The pastor who gave a benediction at the inauguration has launched his own crypto? We truly live in the dumbest timeline possible.
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The older I get, the less I like to engage in politics forecasting but I think it’s quite possible that we’ll have a parallel weird economic situation where the conventional stock market does very well and yet there’s a huge bubble with crypto that leads to staggering losses. The scary stuff is that crypto evangelists keep trying to have their cake and eat it too, where they get the benefits of investors without the regulations of normal securities.
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There has been some talk recently about how crypto lobbyists are trying to get privately managed funds and endowments (so think large state employee pension funds) to get into crypto and this is the kind of thing that should scare the shit out of everyone and an example of how the traditional stock market could do well but something overexposed to crypto could bankrupt tons of normal people https://wapo.st/40lJ0IR
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Just gonna leave this here: https://washingtonspectator.org/paranoia-on-parade/
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text/gemini