I’ve just tried to explain to a MAGA who was advocating investing it all in crypto, that it might massively increase rates on treasury bonds if a government was investing it’s current debt in a volatile, risky asset like crypto.
It didn’t go well. He couldn’t see any possible downside 😂
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https://bsky.app/profile/chris-mas.bsky.social/post/3ldgjz7tknc2a
It didn’t go well. He couldn’t see any possible downside 😂