A Response to Bloomberg’s Crypto Editorial

I imply, to begin with, politicians will not be funding advisors and their phrases shouldn’t be handled as funding recommendation. However what does this ‘actual financial system’ imply? Is a authorities bond a part of the true financial system, if that cash goes to repay authorities spending debt throughout, say, COVID? Is that actual? Are you investing in Coca-Cola or Raytheon in the true financial system? Or are we actually simply investing in sugary drinks and rockets that do much more hurt to kids than Ethereum? Has mortgage-backed securities inflated by a cocktail of explicit And implicit authorities ensures and rules subsidies“help the true financial system” within the early 2000s? Is not it an actual ‘actual financial system’ that helps people and households to dwell the lives they need, and does not crypto try this very effectively?