“Please don’t be surprised and don’t expect taxpayers to socialize your losses” when that happens, the Fed governor stressed.Federal Reserve Governor Christopher J. Waller warned about the danger of investing in cryptocurrency on Thursday at the Global Interdependence Center Conference on “digital money, decentralized finance, and the puzzle of crypto.”
He added: “If people want to hold such an asset, then go for it. I wouldn’t do it, but I don’t collect baseball cards, either.” However, the Fed governor warned:
The reason why he said that is because cryptocurrencies are being manipulated by whales though the intention of nakamoto Satoshi is not to build a coin that can be manipulated but to create a fully decentralized cryptocurrency with high level of stability.
I believe in the great crypto future, that's why i purchase crypto in ownr regulary. As a hedge for fiat future
I guess he does not realize that BTC is global, and the USA is less than 10% of the global population. This comment is 100% baseless.
Computing power will replace regulatory bodies, accountants, lawyers, auditors, and security. Sorry
In this way, any banknotes will return to zero!
Whatever.... 👇
Bullish sign! LFG 🚀
HA HA HA
go away
He means Dollar right?
Said by the one who has been unable to predict inflation
I was thinking bull market won't come soon, I've to rethink 😊
Fiat price is going to zero in long term too
Really the days of listening to oldwhitemen are over BITCOIN
Fiat Slowly it will be forgotten and worthless..
Crypto not Bitcoin 🚀
What is there to argue about he's correct. It's unregulated gambling enjoyed from the comfort of your smart phone. A fun punt on the side 🤔
Like the 08 GFC bank failures were socialized?
ClickBait
My son, who is just 2 years old is suffering from mental disorder, please🙏help me in raising fund for the treatment of my son.
He's fudding because he wanna buy much more crypto in a dip before starting to print huge amount of FIAT again in the future
correct.
If the fiat money economy continues to falter, yeah then maybe bitcoin will drop because we will all be broke and broken and everything will suck
If democrats can make us pay for some dumbass kid's college loan then they can cover our crypto losses...
Title should say 'old dude doesn't know what he talks about'.
Bitcoin will make a run towards $25-40K this year, most likely coming 6 months and people aren't ready for it. ETH to hit $2.5k before the end of feb. Y’all follow 21_sats She’s a super underrated Bitcoiner I’ve have been following her tweets and TA closely Follow her HODL
Tax payers and true diamonds hands are HODLEing Bitcoin and investing in crypto even if it goes down to zero, because they want change and they believe in it.💯✌️
💼What do you think about financial intermediaries engaging in crypto activities? Are banks meeting the 'know your customer' and 'anti-money laundering' requirements? FinancialIntermediaries Banks
💰Have you been affected by the crypto winter? Do you agree with Fed Governor Waller's comments on the potential losses of investing in crypto? CryptoWinter InvestingLosses
Satoshi warned that fiat could drop to zero. Let’s see what happens 🍿
🤔Do you believe that crypto is just a speculative asset like a baseball card, as Fed governor Waller suggests? Crypto SpeculativeAsset
I remember when the Bank of England A-hole said it. I believe it marked the bottom last cycle. Some “cryptos” will. There are too many businesses built on the blockchain, so there is zero chance it can go to zero.
Bankster says blah blah blah
🖕🏻🖕🏻
💥Could crypto prices really fall to zero? What are your thoughts on this warning from Federal Reserve Governor Christopher Waller? Crypto ZeroPrices
Same ppl that said inflation was transitory. Fools.
I think the tweet is quite misleading. It’s missing the context.
Good, is time to but !
FUD !!!!!!!
Wouldn't that make the US economy even worse? Because some countries are already using crypto. Hello is there any Vacancies Governor of the Federal Reserve !
The Fed has the ability to print its own money, that's what makes the Fed afraid, in the future the Fed will no longer be able to print its own money because the value of FED's money will be 0 😭😭
It surprises me that these boomers don't understand what is happening. Is like seeing an airplane landing in 2000BC , they just don't understand or know how to react to it lol Well shame on us for voting on dinosaurs
Only in the USA 🇺🇸 👍🤔🤔🤔🤭🤭🤭🤭🤣🤣🤣
Buy the dip lol
Please confirm the date, so that I can sell everything to buy as much crypto as I can💵
He just wants to buy $btc cheaper 😎😎😎 Show him out middle finger 😁
Buy signal
Buy the dip
BTCPEGSCAMisREAL PLEASE BE AWARE EXCHANGES BUY& sell BTC TO MANIPULATE FRAUDULENTLY PEGGED ALT COINS THEY BENIFIT EITHER WAY, scare you to sell/OR BUY THE DIP, either way they fraudulently pegged alts to manipulate btc to manipulate alts THIS IS REAL, twitter USSEC INVESTIGATE
🤣🤣🤣
BULLISH
Fed gov warned stock could fall to zero?
They have a habit of creating FUD to buy bitcoin at a lower price, for me it's just another buying signal
in your dreams!
🤡
Bitcoin to 28k by may - June 2023
Gold- speculative asset. Currency - speculative asset… everything is a speculative asset. It’s worth something because someone says it is….
We don't gonna fall for that trick again
Bullish!
Who is that guy?
Amazing stuff, I only use ChiefraFba for signals and analysis.. 92% win rate in 2 months of copying his signals!