For the past several days, Bitcoin/self-promoters have been touting the cryptocurrency as a safe haven from uncertainty in the markets. In other words, they are letting fantasy get in the way of reality.
Have you heard of “The Halving?” Many—if not most—retail traders and investors may not have heard of it. Those that have probably don’t care all that much about it. For that reason, all those HODLers who take up a lot of space on Reddit and Twitter give themselves a pat on the back.
Treasury Secretary Steven Mnuchin called cryptocurrencies a “national security issue” that threatens to enable drug dealers, human traffickers, and terrorists during a press conference Monday.
Facebook is so powerful it can even make President Donald Trump agree with Rep. Maxine Waters, the liberal House Democrat from California’s 43rd district, near Los Angeles.