Re:What Happens to Stocks and Cryptocurrencies When the Fed ...
by the_local_host on Sunday May 09, 2021 @03:17AM
(#27093922)
Who exactly?
If they were rich before cryptocurrencies, they shouldn't care (unless they unwisely bet the farm on it); and if they're rich because of cryptocurrencies, no one else should care, because if cryptocurrencies crash, they wouldn't be rich anymore.
But a rich minority would. A rich, motivated group of single-issue activists is political white phosphorous. To say nothing of the fact that the main beneficiaries of such regulation would said minority. The disinterested majority doesn't have much downside if cryptocurrencies go to zero.