Crypto crashes

Crypto crashes

China regulation of crypto crushes the market.

And with the Colonial Pipeline attack highlighting the role of crypto in ransonware, further regulatory risk will hang over the market.

As a $2T market, crypto can’t be dismissed, but those who think crypto is the best hedge against fiat currencies may have second thoughts.

And as I’ve noted before, should China nationalise the miners, you would have a communist govt controlling the great decentralised democratised currency. Clearly a risk at odds with the basic tenets of crypto.

https://markets.businessinsider.com/currencies/news/bitcoin-price-cryptocurrencies-china-crypto-crackdown-price-outlook-2021-5-1030445035

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