A response to Bloomberg’s Crypto editorial

That is, first of all, politicians are not investment advisors and their words should not be treated as investment advice. But what does this “real economy” mean? Is a government bond part of the real economy if that money will pay off debt from government spending during, say, COVID? Is it real? Is investing in Coca-Cola or Raytheon investing in the real economy? Or are we really investing in sugary drinks and rockets that do far more harm to children than Ethereum does? It made mortgage-backed securities, pumped by a cocktail of explicit and implicit government guarantees and regulation grants“supporting the real economy” in the early 2000s? Isn’t a true “real economy” one that supports individuals and families to live the lives they want, and doesn’t crypto do that quite adeptly?