Out of control speculation led to the Great Crash of 1929.

Wall Street deregulation led to the financial crisis of 2008.

Crypto delusion led to the crypto crash in 2022.

The worst is yet to come — just look at FTX.

All Ponzi schemes topple eventually. Crypto is no different.

@rbreich as long as people throw their money at random people that create new crypto currencies out of thin air, the Ponzi scheme will continue. I don’t want my tax dollars being spent on regulating it. Or bailing out the crypto industry and those that gamble with it. That would be just what was done in 2008. If you gamble to make huge profits, you should be on your own when you lose.