Charles Hoskinson wants you to “wake up.”
In a Twitter broadcast on Tuesday night, the Cardano founder and Ethereum co-founder warned of a “dystopian future” brought on by hyperinflation and governments just printing money.
“The world economy,” Hoskinson warned, “is not healthy.”
And the ongoing crypto crash—where total market cap has plummeted 10% in the past 24 hours, according to CoinMarketCap—has shined a light on the divide between institutional investors and retail investors, the latter of whom, in Hoskinson’s view, are using crypto to try to opt out “of a global system that’s unfair.”
7⃣ There is no substitute for pain
People living through this will forever calculate the % possibilities of a black swan into their approach to markets
The pain we experience today is part of our evolution as traders
I doubt many of you will fail to take profits next time
— EllioTrades (@elliotrades) May 11, 2022
“Institutions have…
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