The House is holding hearings on Cryptocurrency. Notice how the Democrats protect the bankers on this one.
“Cryptocurrencies are highly volatile, so if one person makes a million dollars and retires at age 45, and nine lose $100,000–– Coinbase makes money, and one millionaire goes on TV and says how wonderful it is, and nine others do not retire with dignity, but instead become eligible for Medicaid.”
-Rep. Brad Sherman (D-MN)
So much for being for the people.
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Moron. So he's saying noone should invest in the stock markets either...because they're highly volatile. Or gold and silver. Also volatile. Or your own company. No volatility in that. Pandemic anyone? I take that back. What a Fucking Moron!
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Another clueless fossil in the United States Congress. At least from my state we just sent a crook to Washington, not totally clueless.
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Isn't that the exact thing happening in the stock market? I think its just the same old argument used against the meme stocks like GameStop and AMC.
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As @dagger212 pointed out, you could assign that to any asset class.
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Politicians flip flop so the narrative in the House will probably change. Depends on which lobbyists have the most political and financial clout.
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