With this in mind, the Chinese government has continually tightened control over the crypto market in China, most recently cracking down on cryptocurrency mining in the country. The U.S. Justice Department announced a few weeks ago that it “recovered” $2.3 million in cryptocurrency of the ransom collected from the Colonial Pipeline hack. And today, it was reported that South Korea seized almost $50 million of crypto assets from citizens accused of tax evasion.
So the benefits of the private cryptocurrency market are being deconstructed by governments. Add to that, even after gaining traction, the private crypto market continues to be used primarily as a tool of corruption and speculation. With that, this chart set up argues for a typical bubble outcome (crash).
Think about it, this guy has few topics already started, "is bitcoin dangerous" , "bye bye bitcoin" , "mining use energy other sectors can't" , "how long until sha256 miners be obsolete". Do I need to explain more? Dude is just a pure hater, literally hate it with every single aspect of it type of guy, he can't say ONE nice thing about bitcoin and that is why he is writing these type of topics, because he wants everyone else to move away from bitcoin as well, it is just not okay with him that there is even a single dollar left in crypto world.
However I didn't know why he would be like that, now we all know why, because he is part of a company that helps people buy stocks that billionaires buy. Tell me, what does the rich get profit from, you buying the same stocks collectively that they already bought so you make rich even richer? Or you buying decentralized currency that will not give them a bail out if they fuck up? Of course crypto is better, miles better but they won't profit from it so they write shit about it.