Bitcoin is trading at over $51,500 in a bull run that could leave plenty of financial pain in its wake.
It’s safe to say crypto is experiencing renewed interest since the crash of 2022. Bitcoin just hit its highest price since 2021, the SEC’s approval of spot Bitcoin ETFs has investors very excited, and the market cap for all crypto just breached $2 trillion. But everyone who’s ready to FOMO their way into crypto should ask themselves: Should we really be doing this again? The last time the crypto market was this hot was late 2021, and things were looking very rosy in the world of fake money.
Treasury Department just released a report on Tuesday about how popular crypto is with human traffickers and producers of child sexual exploitation material. Bitcoin is the digital currency of choice for the scum of the Earth. And it simply doesn’t work well as a currency because of its highly volatile nature.
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