For many years Governments have been warning that nothing underpins cryptocurrencies. However, in recent times, many investors have lost 100s of Millions through crypto losing its value.

Should Governments step in to save crypto?

NO!!

Cryptocurrencies were designed to get from having government involvement. Big companies have taken risks that they should not have taken. Show them what it’s like to work outside the government system.

This will have two beneficial signals:

1. Big Companies should not take such risks against government advice and expect a bailout.

2. People are hurting at the moment due to the financial crisis. Therefore, the government should be spending their time, effort and money helping the taxpayers, not taking taxpayer money to help out the big companies trying to evade them.