Could crypto's political alignment soon become a liability? Bloomberg's Mike McGlone says crypto's bet on Trump has left many buyers underwater, and politics could be tilting…
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Could crypto's political alignment soon become a liability? Bloomberg's Mike McGlone says crypto's bet on Trump has left many buyers underwater, and politics could be tilting back the other way "The…
Could crypto's political alignment soon become a liability? Bloomberg's Mike McGlone says crypto's bet on Trump has left many buyers underwater, and politics could be tilting back the other way "The 55% of people in this country who are wage earners, they live and die and vote and have to pay for gas and energy." "Stock market keeps going up, more inflation, Fed tightening is a lose-lose for those in power." "The people in cryptos, that Faustian bargain. I still feel bad for the people who bought it because they thought it would go up, because the Trump administration said it would go up, and his son said it would go up, and they're all underwater." "Now we have a potential normal tilt back the other way. There's nothing that stops this train except that a price is going too high or a crisis."
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