Crypto may finally be getting attention

There is a glimmer of hope that Biden is going to take it as a serious threat

Cryptocurrency has been a way for criminals and fascists to pay for illegal and clandestine operations for more than a decade.

It’s fascinating to note that a high proportion of white supremacists and anarchists were somehow able to figure out that blockchain technology was going to be important well before most technologists or financial analysts. Many of them were paid in Bitcoin or placed big bets on it many years ago — and got rich.

The reason the shooter who murdered 51 people in Christchurch in 2019 was able to take two years off to get radicalized and trained as a mass killer, was that he made hundreds of thousands of dollars trading “BitConnect” in 2017 before it was shut down for fraud.

Importantly, Russia and China both banned crypto from their economies. That’s because they understand its true purpose. Crypto is a financial and ecological nuclear time bomb, not a currency. The sooner we defuse it the better. Putin doesn’t need any more WMD.