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Thursday, 05/12/2022 11:22:13 AM

Thursday, May 12, 2022 11:22:13 AM

Post# of 14874
This couldn't be a worse time for crypto being considered a free market asset or item. Both bitcoin and ethereum were down to 52 week bottom levels today and the U.S. getting ready to start the regulatory debate and security laws debates for digital currency after long delays.

Numbers that are being created now definitely show a significant variation from precious metals . . . And the word safety or inflation hedge are not even close to correct for crypto at this time.

I think this will give every excuse and justification for treasury and sec and the fed and congress to make far tighter controls than might have been imagined 12 months ago.

In addition . . . Think of all the crypto handlers or even tesla and how these very declining valuations will show up on their financial reports. Meanwhile other forms of commodities are holding up quite wel and not seeing the plunging value levels.

I wonder how helio is doing ?