Stephanie Ruhle of MSNBC does not sympathize with crypto investors

MSNBC anchor Stephanie Ruhle expressed little sympathy for crypto investors crushed by the collapse of the value of digital coins this week.

“If you lose your shirt, get 6 packs,” Ruhle said.

A former investment banker, the host of “11 Hours,” also told crypto investors not to expect government help or bailouts, and that they bought more volatile currencies than more traditional assets. Only we said they were blaming.

“Remember: The basics of cryptography are all secrets. It’s decentralization. It’s’don’t step on me. I don’t want the government. I don’t want the establishment, so this is very “Please be careful of the purchaser” [situation]”She said in the reported comments. By news site Mediaite..

After the collapse of the so-called stablecoin TerraUSD, the cryptocurrency crashed on Thursday and Bitcoin fell to a low of about $ 25,400 in 16 months. Cryptocurrencies have also been pushed up by a wide range of high-risk investments against concerns about high inflation and rising interest rates.

Ruhle, the host of MSNBC’s “The 11th Hour,” was an investment banker before becoming a journalist.
Getty Images

The collapse of the crypto market is different from the recession of 2008, when a large investment company went bankrupt and needed to be bailed out by the government, Rure said.

“Financial institutions are not at risk here, but millions of individuals have never invested in the market, many borrowing to make big bets on cryptocurrencies and losing huge amounts of money. Are you? “Rule said.

“Do people look back and say this?” The government needs to help me. I need to be bailed out for this “?

Cryptocurrencies like Bitcoin have recently dropped sharply in value.
The value of cryptocurrencies such as Bitcoin has dropped sharply recently.
Nur Photo via Getty Images

Emotions are particularly vulnerable because the tokens that should have been pegged to the dollar are weakening.

Bitcoin, the largest cryptocurrency in total market value, rebounded over $ 30,000 on Friday. This is well below the record high of $ 68,000 last November.

Digital coins are well below the level of about $ 40,000 a week ago and are heading for a record loss for the seventh straight week unless there is a rebound in weekend trading.

Cryptographic stocks were throbbing, Stocks of broker Coinbase It stabilizes overnight, but still halves in just over a week.

Stephanie Ruhle of MSNBC does not sympathize with crypto investors

Source link Stephanie Ruhle of MSNBC does not sympathize with crypto investors

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