Former SEC Attorney John Reed Stark has made his reservations about cryptocurrencies known. The lawyer also suggested why the prices of these crypto tokens will come crashing down soon enough.
Why Crypto Will Come “Crashing Down”
In a post shared on his X (formerly Twitter) platform, Stark suggested that crypto prices will come “crashing down” because these crypto tokens do not have “inherent value.” He opined that cryptocurrencies derived their value from hype as “people are able to sell hyped, FOMO’d and overpriced crypto to a “greater fool.”
As to when the crypto prices will crash, the former SEC enforcement attorney stated that this will happen when there are “no greater fools left.” The lawyer didn’t hold back in his criticism of cryptocurrencies as he also shared a WSJ (Wall Street Journal) article that said crypto’s two main use cases were fraud and crime.
In his criticism of crypto, Stark’s major concern seems to be his false belief that crypto
We współpracy z: https://bitcoinist.com/sec-exec-crypto-crashing-down/
