>> [cryptocurrency] entices masses of dumb money investors to pour their savings into what is effectively a unregulated speculative momentum investment untether

>> [cryptocurrency] entices masses of dumb money investors to pour their savings into what is effectively a unregulated speculative momentum investment untethered to any real economic activity. As if that was different for the stock market or the rest of the economy... The entire economy is propped up by the money printers at this stage. Bitcoin and crypto are just better at getting hold of that freshly printed money for obvious reasons. If the government bans crypto, they will have to ban the stock market too.