Is Crypto too big to crash

Financial interests would never let their new investments go to waste

Some people are skeptical of crypto, and for a good reason. It is something new, a foreign idea that the older generation might have difficulty adapting to. However, some investors have seen what cryptocurrency really is and have put everything into it. Many behind-the-scenes investors have money in crypto. It might seem that I’m just trying to play confirmation bias. You follow crypto, so you want to hear good news about crypto. However, by the end of this article I hope you will see the financial interests holding up the pillars of crypto.

There are some people and their companies who have poured millions into crypto. Some of you might have heard their names if you follow some crypto channels on YouTube or read articles about them. These are some of the famous people who have invested in crypto and who they are:

Raoul Pal: He started as a GLG global macro hedge fund co-manager. He then 2004 retired from fund management and started The Global Macro Investor 2005. This was an original and independent research publication for economic, market analysis, and trade recommendations. If Raoul Pal runs a research company on economics, it’s easy to think that he would be the first to know if crypto is the next big thing. Here is an interview explaining what and why he has invested in cryptocurrency, especially Ethereum.

Kathryn (Katie) Haun: Before investing in crypto, she started as a federal prosecutor who focused on fraud, cyber, and corporate crimes. So if Katie thought crypto was a scam, she would probably know because of her career. Katie is a prominent investor in crypto and served on the board of Coinbase and HackerOne.

Elon Musk: The man, the myth, the legend. Before making cars, Elon made his wealth by investing in the internet and code by making Zip2, a way to look up the yellow papers online. After selling that, he also invested early into PayPal then made huge profits. Then, of course, he made Tesla what it is today and SpaceX. Some people love Elon others hate him. But what’s important to know is he knew PayPal was going to be a good investment. Some people think he is messing around when he says that dogecoin is good crypto, but he has his reasoning. He believes that fast transaction fees and low prices are the future for using crypto as a real currency rather than a thing you hoard value in. Of course, other cryptos might do it faster or better, but dogecoin is the only one most of us know about. Maybe when the Ethereum 2.0 merge happens, he might change his tune. As it will solve his concern on climate and fast transaction speed.

If you see the stock market as a gambling table, this might be hard to think about. But big-time investors usually don’t like things they might lose on. It is the same reason Hollywood does sequels. Or why video games stick to identical troupes. It’s because the formula sells, and it works. So when an investor looks at a new opportunity, they don’t just throw money onto the table and spin the wheel. They think about it, usually have someone else analyze it unless they are better at it. And make their decision. There are a lot of important names that have their names on crypto. As stated above. And as you start to see more popularity in crypto, you might begin to see some people in government support crypto either because they think it’s popular or because financial institutions want the government to go easy on them. Revolving door politics and such.

Believe it or not, some banks in Europe already accept crypto. And American banks are starting to get ready to open their doors too. By searching banks that accept crypto in Europe, I can find an article like this.

And although it was from last year, an article about American banks getting ready for crypto from CNBC exists. The report, published in 2021, says this year. Hindsight is 2020, but sometimes significant changes like this can take one to three years to complete, so maybe they just got their dates wrong.

Why would so many banks buy-in if crypto is about to fall apart soon? It’s important to know, banks and wealthy people often get tips and insights that most regular people never hear first. So if crypto was to crash tomorrow, they would know first, most likely.

This can happen with stocks too, but what a lot of big circles will usually do with any asset worth buying is this. They will report that x asset is doing bad, causing the media to freak out and tell you to sell. When you do, the companies buy it up, leaving you holding the bag. People usually tell you to never sell on a dip and only to buy more. It’s a dirty trick that is used all the time. The same thing happens to crypto. Except because crypto is so new, there is a lot of unnecessary hate on it.

As of right now, speaking from personal experience. Crypto is starting to see more regular healthy numbers again. We had a big crash, and now we are beginning to recover a good bit. There are a lot of people who don’t like crypto. But some of the most brilliant people worth listening to who care are telling you crypto is the future. So many significant intuitions are trying to get into the party because they are late. The people who have crypto would never want to see it all go to waste. If they had a million dollars in Ethereum, do you think they want their Ethereum to go to one dollar? They might even resort to bribing the government to go easier on crypto as a last resort. There are probably many other rich people and companies that have money in crypto. So ask yourself, are people who have more money than you can dream of willing to see their assets die off overnight? Or are they just trying to get your slice of the pie?

I AM NOT A FINANCIAL EXPERT BE CAREFUL WITH YOUR MONEY!

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