I am, most emphatically, not a "bitcoin bro." Click right here for links to some of my past commentaries. If you click this link, you will be able to hear from Sharmin Mossavar-Rahmani, the Chief Investment Officer of Wealth Management & Head of the Investment Strategy Group at Goldman Sachs. She is definitely part of the financial/investment world, and here is what she has to say:
Crypto is nothing more than a means of speculation
Given that The Wall Street Journal has reported that our recently-elected president promises "to regulate in favor of crypto, eject the anti-crypto head of the SEC, and prevent any sales of bitcoin seized by law enforcers," I am suggesting that all of us should be quite concerned.
In fact, if I am getting it right, I think The Wall Street Journal is concerned. At least, that is how I read a "Streetwise" column by James Mackintosh, which I have linked in the paragraph immediately above this one.
Would our president actually invest our Social Security Trust Fund (to pick a high-stakes example) in the unstable and unpredicatable Bitcoin market? See why I think we (and Congress) should be paying attention?
Mackintosh and The Wall Street Journal question whether Trump is really so great for bitcoin - that's the main message in the article I have linked above.
Here's what I think, though: I think it's pretty obvious that bitcoin would not be great for us!
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