@AutismCapital Crypto has two primary use cases: store of value and casino. ETH maxis did not decry the casino when ETH's casino was the only game in town (ICOs in 2017, DeFi Ponzis and NFTs in 2020-21).
Now that ETH has lost the SoV case to BTC, and the casino to SOL, they whine. Womp womp.
W/ Lutnick & the admin increasingly attacking The Federal Reserve’s independence, here is a quick reminder of what the repercussions were when Nixon did the EXACT SAME THING W/ Arthur Burns in 1970…
👇 👇 👇 👇 👇 👇 👇 👇 👇 👇 👇
Remember this attack on J. Powell is for short term political expediency. Don’t be fooled into thinking this represents sound economic policy. It will have significant longterm negative implications on inflation.